Gold Advances to $4,200 Neighborhood as Fed Rate Hike Bets Diminish
Gold (XAU/USD) extends its recovery for a third straight day, approaching $4,200, as reduced expectations of Federal Reserve rate hikes weigh on the US dollar.
Gold (XAU/USD) continues to build on this week's rebound from its lowest level since November 2025, marking a third consecutive session of gains. The precious metal is edging into the $4,200 area.
Traders attribute the move to diminishing bets on further Federal Reserve rate hikes, which has kept the US dollar under pressure. A weaker greenback typically supports dollar-denominated commodities like gold.
The recovery follows a recent pullback that had dragged gold to multi-month lows. Market participants will watch for any Fed commentary or economic data that could shift rate expectations further.
Source: FXStreet Forex News