Gold (XAU/USD) remains resilient, trading above the key psychological level of $4,600 on Thursday. After experiencing slight pressure earlier in the day as traders took profits from Wednesday's rally, the precious metal is holding steady following its ascent to a new record high near $4,643. This resilience can be attributed to ongoing uncertainty surrounding the Federal Reserve's monetary policy and escalating geopolitical tensions.
As investors navigate this volatile landscape, gold's appeal as a safe-haven asset continues to shine. The current exchange rate reflects the market's cautious sentiment, with traders closely monitoring developments that could influence the USD. With gold's strength amidst these dynamics, market participants are likely to stay vigilant, assessing both technical indicators and fundamental factors that could drive future price movements.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 12:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.