XAUUSD

The precious metal starts the new week on a positive note, supported by the anticipated interest rate cut theme in this week's Fed meeting. The weak economic growth data from Japan, which raises global slowdown concerns, has revived the safe-haven demand for Gold, supporting this positive outlook. As long as the main expectation of the markets remains an interest rate cut ahead of Wednesday's Fed decision, it is likely that the upward trend in Gold will be maintained.