Gold prices surged to seven-week highs as XAU/USD climbed above $4,325 during early European trading on Monday. This upward movement reflects increasing market optimism surrounding potential interest rate cuts by the US Federal Reserve next year, which has bolstered demand for the precious metal as a safe haven.
The anticipation of a more accommodative monetary policy from the Fed has influenced traders, leading to a shift in investment strategies. With fluctuations in the USD exchange rate, the rise in gold highlights a growing preference for assets perceived as stable in times of economic uncertainty. As market participants closely monitor the Fed's signals, gold's ascent could continue to attract attention in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-15 05:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.