Gold (XAU/USD) opened the week on a strong note, gapping higher as safe-haven demand intensified. The precious metal is now trading near record highs, driven by geopolitical tensions and renewed tariff threats from former President Trump, which have spurred a risk-off sentiment in the markets. Currently, gold is pushing deeper into uncharted territory, reflecting investors' flight to safety amid uncertainties.
As market participants respond to fluctuating global dynamics, gold's exchange rate remains a focal point for traders. With the USD under pressure, and risk appetite waning, gold's bullish momentum could continue, potentially challenging previous resistance levels. Analysts suggest that if the current trend persists, gold may test psychological barriers, influencing trading strategies across various currency pairs, particularly against the EUR and JPY.
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Data Source: FX Killer Analysis Team Updated: 2026-01-19 15:26
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.