Gold (XAU/USD) continued its upward momentum for the second consecutive day, trading around $4,610 during European hours on Friday, according to FX Street. This steady gain reflects ongoing investor interest in the precious metal amid global market uncertainties.
The sustained rise in gold prices highlights its role as a safe-haven asset, attracting traders looking to hedge against volatility in FX and equities markets. The extension of gains over two successive days suggests cautious optimism among investors.
For Japanese market participants, gold’s recent strength may influence portfolio strategies, especially as the yen remains sensitive to global risk sentiment and inflation concerns.