Gold prices (XAU/USD) soared to a record high during early European trading on Tuesday, reflecting a robust safe-haven demand amid escalating geopolitical tensions and economic uncertainty. Over the past month, the precious metal has surged 10%, while in 2025 alone, it has skyrocketed nearly 70%, underscoring its strong appeal as an alternative asset.
This increase in gold's value comes as investors seek refuge from volatility in the currency markets, particularly against the backdrop of fluctuating USD and EUR exchange rates. As more traders turn to gold as a hedge, the upward momentum is likely to continue, potentially influencing trading strategies across various asset classes in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-23 06:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.