Gold (XAU/USD) is currently consolidating its recent gains, having increased by over 2.5% on Monday as geopolitical tensions escalated following U.S. military actions in Venezuela. As investors sought refuge in safe-haven assets, the currency pair saw a temporary spike, reaching an intraday high near $4,475 before settling around $4,460.
This cautious market sentiment reflects ongoing concerns about the Venezuelan crisis, prompting traders to adjust their positions in anticipation of further developments. The current exchange rate of XAU/USD indicates a slight pullback, but the underlying demand for gold remains robust as uncertainty in global markets prevails.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 13:37
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.