Gold prices (XAU/USD) surged above $4,350 during Asian trading hours on Wednesday, reflecting growing investor optimism amid expectations of a U.S. rate cut. The precious metal has experienced a remarkable rally this year, soaring approximately 65%, positioning it for its most significant annual gains since 1979.
The surge in gold is largely driven by increased geopolitical tensions and a weakening U.S. dollar (USD), prompting traders to flock to safe-haven assets. As the market anticipates potential shifts in monetary policy, the exchange rate dynamics could further influence the appeal of gold against other currencies like the euro (EUR).
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Data Source: FX Killer Analysis Team Updated: 2025-12-31 04:13
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.