Gold (XAU/USD) surged to an all-time high of approximately $4,380 during the Asian trading session on Monday, reflecting heightened demand for safe-haven assets. The escalation of the conflict between Israel and Iran, coupled with increasing tensions between the US and Venezuela, has driven investors toward gold, prompting significant upward movement in the precious metal's exchange rate.
As geopolitical uncertainties persist, market participants are likely to closely monitor developments that could influence gold prices further. The current bullish momentum suggests that traders may continue to favor XAU/USD as a hedge against volatility in broader financial markets, particularly as the US dollar (USD) faces pressures from these global dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-22 03:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.