Published: 28 November 2025,08:44
Daily Market Analysis New
*Dollar index remains pressured amid rising expectations for Fed easing.
*Kevin Hassett’s appointment as Fed Chair fuels speculation of aggressive rate cuts.
*Gold extends gains, supported by a softer dollar and dovish market sentiment.
Market activity remained subdued over the U.S. holiday, with thin liquidity contributing to muted price movements across major assets. Despite the quiet backdrop, the dollar index continues to face downward pressure as recent economic releases have fallen short of expectations.
The appointment of Kevin Hassett, a known dovish advocate and close ally of President Donald Trump, as the next Fed Chair has heightened expectations for aggressive rate cuts. Hassett has emphasized the need for lower borrowing costs to support the economy, reinforcing market sentiment that the Fed will prioritize a weakening labor market over persistent inflation.
Following 25-basis-point cuts in both September and October, markets widely anticipate a similar move at the Fed’s final December meeting, with the CME FedWatch Tool assigning an 85% probability.
Gold prices have responded to these developments by extending their upward trajectory. The metal is benefiting from a softer dollar and heightened expectations for additional Fed easing. Recent U.S. economic data, including post-shutdown releases, continue to disappoint, supporting the view that the central bank is likely to maintain a dovish stance.
As uncertainty persists, gold remains attractive as a safe-haven asset, with investors closely monitoring both economic releases and Fed signals for further directional cues.
Technical Analysis
Gold is trading higher and currently approaching the key resistance level at 4220.00. Technical indicators suggest bullish momentum is building: the MACD is rising, while the RSI at 65 remains above the midline, signaling potential for further gains in the near term.
A decisive breakout above 4220.00 could open the way toward the next resistance at 4370.00, reinforcing the short-term bullish trend. Conversely, failure to breach this level may trigger a retracement, with support seen at 4035.00, and a deeper pullback toward 3925.00 if selling pressure intensifies.
Resistance Levels: 4220.00, 4370.00
Support Levels: 4035.00, 3925.00
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
