XDAG USD Price & Performance (XDAGUSD)

Gold prices (XAU/USD) faced renewed selling pressure during Friday's Asian session, retreating from a record high. The US Dollar's ongoing strength, supported by safe-haven demand and trade tensions, has limited the metal's upside. Despite this, gold remains resilient, trading near $3,042 per ounce.1

The US Dollar's continued rebound has pressured GBP/USD and USD/CAD pairs. The Pound weakened to 1.2920 amid expectations of delayed Federal Reserve rate cuts, while USD/CAD hovered near 1.4330, supported by safe-haven demand. Global trade tensions are influencing currency movements across markets.12

Geopolitical uncertainty, including trade tariffs and Middle East tensions, continues to drive demand for gold as a safe haven. While gold has pulled back slightly from its highs, it remains a key asset amid ongoing global economic and political instability.34