Gold prices are higher today, Spot gold is quoted between about $4,460 and $4,505, while February COMEX futures are trading around $4,470 to $4,495. This extends yesterday?s strong move, when gold jumped more than 2% as investors shifted into safe-haven assets.
The rally is being driven mainly by rising geopolitical tensions after the U.S. captured and removed Venezuelan President Nicol?s Maduro over the weekend, increasing global uncertainty.
Traders are also watching key U.S. economic data this week, including the ISM services PMI today and Friday?s non-farm payrolls report, which could affect expectations for Federal Reserve rate cuts in 2026. I'm planning to leaverage the ongoing tradfi gold trading competition on Bitget to accumulate some, since it's a new phased event, competition may not be fierce. Gold remains firmly in a bull market after its massive 2025 rally of over 60%, with analysts projecting further upside toward $4,800?$5,000 or higher, supported by central bank buying and easing interest rates. What's your take?
Linkback: https://www.forex.zone/general-cryptocurrency-discussion/32/gold-jumps-above-dollar4-460-as-geopolitical-tensions-drive-safe-haven-demand/4921/
