Gold prices (XAU/USD) surged to approximately $4,375 during the early European session on Friday, extending their rally amid increasing bets on further interest rate cuts by the US Federal Reserve. The rise reflects heightened demand for gold as a safe-haven asset, driven by ongoing geopolitical tensions and uncertainty in the financial markets.
The expectation of a dovish stance from the Fed has led to a weaker USD, influencing the exchange rate dynamics and encouraging traders to seek refuge in precious metals. As the market reacts to these developments, investors will closely monitor the implications for the broader forex landscape, particularly between the USD and other major currencies like the EUR. This momentum in gold trading highlights the sensitivity of commodities to monetary policy shifts and geopolitical issues.
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Data Source: FX Killer Analysis Team Updated: 2026-01-02 07:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.