Gold (XAU/USD) is trading slightly higher on Tuesday, continuing its upward momentum after a remarkable gain of over 2.5% the previous day. This rise is primarily attributed to increased safe-haven demand spurred by recent U.S. military actions in Venezuela. Currently, the exchange rate for XAU/USD stands at approximately $4,470, reflecting a daily increase of nearly 0.50%.
Market participants are closely monitoring ongoing geopolitical tensions and shifting expectations regarding Federal Reserve rate cuts, which are bolstering interest in gold as a protective asset. The combination of these factors suggests that demand for gold may remain strong, impacting trading strategies for both short-term and long-term investors in the forex market.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2026-01-06 14:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.