Gold (XAU/USD) surged past the psychological barrier of $4,700 on Tuesday, reaching a new record high as geopolitical tensions and fears of a trade war heightened safe-haven demand. The precious metal was trading around $4,720, just below its all-time peak of approximately $4,737.
As investors sought refuge in gold amid rising uncertainty, the exchange rate for XAU/USD reflected a strong push in demand, indicating a robust market response to geopolitical instability. The implications of this price movement may lead to increased volatility in other currency pairs, particularly those involving the USD and EUR, as traders navigate the evolving landscape.
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: 2026-01-20 14:30
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.