Gold (XAU/USD) surged above $4,330 on Wednesday, gaining 0.87% as traders reacted to a mixed U.S. jobs report released Tuesday. The report prompted market speculation regarding the Federal Reserve's next moves, especially following comments from Fed Governor Christopher Waller, which heightened uncertainty in the currency markets.
Additionally, escalating tensions between the U.S. and Venezuela have fueled demand for safe-haven assets like gold. As geopolitical risks rise, investors are increasingly shifting their focus away from riskier currencies, impacting exchange rates across the board, including USD and EUR pairs. The combination of economic data and international conflict is likely to keep gold in focus as trading continues.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-17 19:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.