Gold Stalls Recovery as Fed Uncertainty Keeps Buyers Cautious
Gold (XAU/USD) trades lower for a second consecutive day, pressured by a steady US dollar and doubts over the Federal Reserve's interest rate path.
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Gold's recovery has stalled as the precious metal trades on the back foot for a second straight day. A firm US dollar is weighing on XAU/USD, while uncertainty surrounding the Federal Reserve's next policy moves keeps buyers cautious.
The market remains focused on US monetary policy expectations, with no clear catalyst to drive gold higher in the near term. The metal's upside appears limited until the Fed provides clearer guidance on rate cuts.
Source: FXStreet Forex News