Gold (XAU/USD) continues its impressive rally, surpassing the $4,300 mark for the first time since October 21, as it extends its uptrend for a fourth consecutive day. This surge occurred during the early part of the European trading session on Friday, reflecting growing investor optimism amid dovish Federal Reserve sentiments.
The upward momentum can be attributed to shifting expectations surrounding U.S. monetary policy, with market participants betting on a slower pace of interest rate hikes. As a result, the exchange rate for gold is experiencing heightened demand, which could have implications for other currencies, particularly the USD and EUR, as traders reassess their positions in light of these developments.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 10:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.