[MARKET UPDATE] Spot XAU extends to a fresh ATH of USD 4690/oz amid light newsflow; possible continuation from the EU-US trade tensions that arose over the weekend/Monday

The new all-time high in spot gold prices reflects heightened risk aversion likely stemming from recent EU-US trade tensions.

Newsquawk StaffPublished 20 Jan 2026, 04:58 UTCOn the live feed at 04:38 UTC — 3 more headlines followed before this page went public

Newsquawk headlinesUTC

04:48

US President Trump: "I know who I want to be Fed Chair, will announce sometime"

04:45

US President Trump said he will talk about Greenland in Davos, does not think the EU will push back too much on Greenland

04:38

[MARKET UPDATE] Spot XAU extends to a fresh ATH of USD 4690/oz amid light newsflow; possible continuation from the EU-US trade tensions that arose over the weekend/Monday

03:53

China's MOF extends personal consumption loan interest subsidies until the end of 2026

03:41

[MARKET ANALYSIS] Commodities oscillate in tight ranges amid a lack of geopolitical or trade updates

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Context

This environment typically drives investors towards safe-haven assets like gold, suggesting that these geopolitical concerns could continue to support bullish momentum in the precious metals market.

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