[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
Newsquawk Staff ·
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.
What it means
The new all-time high in spot gold prices reflects heightened risk aversion likely stemming from recent EU-US trade tensions. 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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