Gold (XAU/USD) continued its upward trajectory, reaching a record high of approximately $4,600 during the Asian trading session on Monday. This marks the third consecutive day of gains, contributing to a bullish sentiment that has emerged over five of the last six days. The precious metal's rise is fueled by ongoing geopolitical tensions and concerns surrounding the Federal Reserve's monetary policy.
Market participants remain watchful of the implications these factors have on the USD's exchange rate, as gold traditionally serves as a safe haven during times of uncertainty. As traders engage with this currency pair, the demand for gold indicates a prevailing bullish bias, suggesting that investors are positioning themselves for further potential gains amidst the current economic landscape.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 06:35
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.