Gold Holds Bullish Bias Near $4,400 as Dollar Weakens
XAU/USD is maintaining a bullish bias around the $4,400 level, helped by a softer US dollar and fading expectations of further Federal Reserve rate hikes.
XAUUSD
Gold is trading near $4,400 with a bullish bias, according to the latest outlook. The precious metal is being supported by a weaker US dollar and reduced expectations that the Federal Reserve will raise interest rates further.
Those factors are keeping XAU/USD bid around the $4,400 area, with the market tone remaining constructive for gold in the short term.
Source: FXStreet Forex News