Gold (XAU/USD) maintains its bullish momentum as it approaches its all-time high, currently trading just below the $4,600 mark. The precious metal's upward trajectory is fueled by ongoing geopolitical tensions and concerns surrounding the Federal Reserve's monetary policy. Traders are closely monitoring these developments, which continue to impact the exchange rate and market sentiment.
As the European session unfolds, the demand for gold remains robust amid uncertainty in global markets. Investors are increasingly turning to gold as a safe-haven asset, particularly in light of potential shifts in USD strength and potential interest rate changes by the Fed. This environment of heightened risk could further drive gold prices, solidifying its position in the currency markets.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 08:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.