Gold Tears Through $4,700 Barrier as Risk Premiums Spike

Gold (XAU/USD) continued its historic ascent on Monday, catching aggressive bids during the Asian session to reach a fresh all-time high in the $4,700 neighborhood. The precious metal is benefitting from a “perfect storm” of risk factors, primarily driven by fears of a renewed global trade war and instability in international alliances.

Flight to Safety

The aggressive rally underscores the market's diminishing appetite for risk assets. With the US administration threatening 25% tariffs on key European allies and tensions simmering over territorial disputes in the Arctic, institutional capital is rotating heavily into non-yielding safe havens.

Market Data Snapshot

• Asset: XAU/USD
• Key Level: $4,700
• Policy Risk: 25% tariffs

Technicals

• Resistance: Significant psychological barrier at $4,700
• Outlook: Sustained close above this level could trigger further price discovery.