As of Monday's opening session, XAU/USD (Gold vs. US Dollar) is likely to show volatility based on the previous week's market trends and any fresh developments in global economic conditions. The price of gold often reacts to changes in US economic data, geopolitical events, and market sentiment. If there is any news related to inflation, interest rates, or global tensions, it could impact gold’s appeal as a safe-haven asset. Market participants will be watching any data releases, particularly from the US, which could affect the USD's strength and, in turn, influence XAU/USD's movement. Traders should be prepared for potential fluctuations as the market digests fresh data and sentiment at the start of the week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.