Gold (XAU/USD) opened the week with robust momentum, skyrocketing to record highs near $4,620 amid rising apprehensions surrounding Federal Reserve independence. As traders reacted to these concerns, safe-haven demand for the precious metal surged, pushing XAU/USD up nearly 2.0% on the day and currently trading around $4,600.
This uptick in gold's value reflects broader risk aversion in the market, as investors seek stable assets amid escalating global tensions. The increasing price of gold may influence currency pairs, particularly the exchange rate between gold and the USD, highlighting the ongoing volatility in forex markets. As uncertainty persists, traders will be closely monitoring further developments that could impact gold's trajectory and overall market sentiment.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 14:53
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.