XAUUSD

Gold is generally considered a safe haven and is sensitive to changes in interest rates. A reduction in the FED's interest rates can increase the appeal of gold and raise its price. Low interest rates reduce the opportunity cost of holding gold, making it more attractive to investors. However, if the FED raises interest rates, it could create pressure on gold and cause its price to decline. Global economic uncertainties and inflation expectations are also among the significant factors that will affect the trend of gold.