Gold (XAU/USD) surged to a new record high of $4,639.77 during Asian trading hours on Wednesday, driven by heightened safe-haven demand. The rally in precious metals is fueled by increasing expectations of Federal Reserve (Fed) rate cuts, following softer inflation data from the United States (USD). As traders react to these economic indicators, gold's ascendance reflects a broader trend of investors seeking stability amidst market uncertainties.
This surge in gold prices is impacting currency pairs across the forex landscape. As gold becomes an attractive investment option, the exchange rate for the USD may face downward pressure, particularly against the euro (EUR) and other currencies. The ongoing volatility in global markets suggests that traders will continue to closely monitor economic developments, with gold's performance likely influencing broader market sentiment in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2026-01-14 06:33
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.