Gold prices surged to a record high of $2,000 per ounce on Monday, December 22, amid escalating geopolitical tensions that have spurred demand for safe-haven assets. The heightened instability prompted traders to pivot away from riskier assets, pushing the precious metal up by 1.5% since the previous week. As investors sought refuge, the USD faced downward pressure against major currencies, impacting pairs like EUR/USD, which traded at 1.1200.
In the forex market, the volatility saw the USD/JPY dip to 109.50, reflecting trader sentiment towards risk aversion. Meanwhile, the GBP/USD remained relatively stable at 1.3000 despite the fluctuations in other pairs. Analysts suggest that ongoing geopolitical issues could continue to drive gold prices higher, while the overall market remains sensitive to changes in currency exchange rates, further influencing trading strategies across various pairs.
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Data Source: FX Killer Analysis Team Updated: 2025-12-22 08:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.