[MARKET UPDATE] Spot XAU extends to new ATHs of USD 4680/oz following the risk-off theme as markets digest the US tariffs over Greenland and possible retaliation

The rise in spot XAU to new all-time highs reflects heightened uncertainty in the market, stemming from tensions over U.S.

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Japanese Machinery Orders MoM (Nov) M/M -11% vs. Exp. -5.1% (Prev. 7%)

PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS

[MARKET UPDATE] Spot XAU extends to new ATHs of USD 4680/oz following the risk-off theme as markets digest the US tariffs over Greenland and possible retaliation

[MARKET ANALYSIS] Initial weakness in the DXY as EUR/USD reverses earlier losses, now +0.1%, and USD/JPY -0.3% following rising trade tensions over Greenland

[MARKET UPDATE] US equity futures open down (ES -50 points, NQ -255 points); T-Note futures +5 ticks; WTI futures -USD 0.40/bbl; Spot XAU +USD 45/oz; risk aversion as a function of the US tariffs over Greenland and potential EU retaliation

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Context

tariffs on Greenland and expectations of retaliation. This risk-off sentiment is likely driving demand for gold as a safe-haven asset, suggesting that geopolitical factors may increasingly weigh on market confidence and have implications for broader asset correlations.

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