Gold prices are rising slightly as the euro struggles against the dollar

From Investing.com: 2024-11-29 02:25:00

Gold prices may see an uptick as geopolitical risks and fears of a trade war persist, with XAU/USD rising slightly. The USD is weakening in anticipation of potential Fed rate cuts, supporting gold prices. XAU/USD broke resistance at $2,650 and may rise to $2,700.

The euro struggles to gain momentum against the USD as German inflation remains flat and political uncertainty looms in Germany and France. ECB member Isabel Schnabel’s hawkish comments suggest a gradual reduction in interest rates, impacting investor expectations. EUR/USD may rise if eurozone CPI figures exceed expectations.

Bitcoin trades sideways in a range of $92,000–100,000, with Japanese investment company Metaplanet planning to raise funds to buy more Bitcoins. The TON Foundation launches tgBTC, a tokenized Bitcoin, to enhance liquidity on the TON blockchain and enable cross-chain transactions. BTC/USD is expected to continue trading within the established range.



Read more at Investing.com: Gold Edges Up as Euro Struggles Against Dollar in a Quiet Holiday Week