Gold (XAU/USD) surged to a fresh all-time high near $4,380 during the Asian session on Monday. The precious metal gained strong upward momentum as escalating geopolitical risks—particularly the Israel–Iran conflict and rising US–Venezuela tensions—drove increased safe-haven demand.
In addition, softer-than-expected US inflation data and cooling labor market indicators have reinforced market expectations of at least two 25-basis-point interest rate cuts by the US Federal Reserve next year. A lower interest-rate environment reduces the opportunity cost of holding non-yielding assets, further underpinning gold prices.
Sources: Fxstreet
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