Gold prices (XAU/USD) rose to near seven-week highs, trading above $4,305 during Tuesday's Asian session. This upward movement follows the US Federal Reserve's decision to implement its third interest rate cut of the year last week, which has spurred optimism for further reductions, potentially extending into 2026. As traders respond to these developments, the precious metal continues to attract safe-haven demand.
Market attention now shifts to the upcoming US Non-Farm Payroll (NFP) report, which could influence the dollar's exchange rate against major currencies, including the euro (EUR). Should the labor data show weaker-than-expected job growth, it may reinforce expectations of continued monetary easing by the Fed, further supporting gold's upward trajectory amid fluctuating currency pair dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-16 03:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.