Why is the trading volume for XAU high? It is driven by macro hedging as a core safe-haven asset—geopolitical tensions, interest-rate expectations, and a risk-off environment. Today it saw a slight pullback, which may indicate a rebound in risk appetite or the effect of the US dollar.



Related events: The overall market corrected, and gold is actively being used as a hedging tool.

Outlook: Expect choppy trading in the short term, with a bullish bias in the medium term (safe-haven demand + rate-cut expectations). Watch for the Non-Farm Payrolls, CPI, and geopolitical news.
$XAU
XAU0.17%
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