The post Gold extends record rally for sixth day on safe-haven demand, weak USD appeared on BitcoinEthereumNews.com.

Gold (XAU/USD) builds on last week’s blowout rally and gains strong follow-through positive traction for the sixth straight day, scaling a new all-time peak during the Asian session on Monday. The commodity is nearing the $5,100 mark as investors continue to take refuge in traditional safe-haven assets amid persistent geopolitical and trade-related uncertainties. Moreover, prospects for further policy easing by the US Federal Reserve (Fed), sustained buying by central banks, and record inflows into exchange-traded funds remain supportive of the relentless rally. Meanwhile, investors have been moving money out of US assets on the back of heightened economic and policy risk linked to US President Donald Trump’s tariff threats. Adding to this, the US government’s attack on the Fed’s independence and concerns over government debt levels drag the US Dollar (USD) to its lowest level since September 2025, further lending support to the Gold. Traders now look to the outcome of a two-day FOMC meeting on Wednesday for cues about the Fed’s rate-cut path, which will drive the USD and the non-yielding yellow metal. Daily Digest Market Movers: Gold continues to be underpinned by global flight to safety, bearish USD The recent short-lived escalation of friction between the United States and NATO over Greenland raised some doubts about trust in the alliance. Moreover, Ukraine and Russia ended a second day of US-brokered talks in Abu Dhabi on Saturday without a deal. Adding to this, US President Donald Trump said on Saturday he would impose a 100% tariff on Canada if it follows through on a trade deal with China. This continues to lift the safe-haven Gold to new all-time highs for the sixth consecutive day on Monday. This comes on top of the broader de-dollarization trend and bets that the US Federal Reserve would cut interest rates two more times…

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Filed under: News - @ January 26, 2026 5:24 am