🟡 $XAU Near Record Highs as Global Uncertainty Builds
Gold continues its powerful run, recently trading above $4,600/oz, as investors rotate into safe-haven assets amid rising geopolitical risks and persistent economic uncertainty. With momentum intact, some forecasts now eye $5,000/oz later this year if trends hold.
📉 Brief Pullback After the Rally
Following fresh highs, $XAU eased slightly below $4,600 as traders locked in profits. The dip has been modest, and prices remain elevated—signaling strong underlying demand.
📊 Futures Mixed, Levels Still Firm
U.S. gold futures opened near $4,610/oz, a touch softer than recent closes, suggesting intraday consolidation after the breakout.
🏦 Market Structure Update
CME Group updated its margin framework for precious metals futures, shifting from fixed-dollar margins to dynamic calculations in response to surging volatility and activity.
🌍 What’s Driving Gold Today
✔️ Safe-haven demand amid geopolitical tensions
✔️ Uncertainty around Fed policy and rate expectations
✔️ Near-record prices prompting selective profit-taking
XAUUSDT (Perp): 4,609.61 (−0.1%)
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