Gold (XAU/USD) surged to a new all-time high of $4,906 on Thursday, continuing its rally for the fourth consecutive trading day. Despite an improved risk-on mood in the market and easing tensions between the US and Europe following a Greenland agreement, the precious metal pushed higher. At the time of writing, the currency pair was trading at $4,903, marking a 1.60% gain for the day.
The ongoing rise in XAU/USD suggests strong investor demand for gold, even as market sentiment shifts toward riskier assets. With global geopolitical tensions easing and market appetite for equities strengthening, gold's continued strength highlights its safe-haven appeal amid uncertainty. The current exchange rate reflects heightened buying interest in the precious metal, keeping traders focused on potential further upside in the near term.
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Data Source: FX Killer Analysis Team Updated: 2026-01-22 19:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.