Gold bulls drive safe-haven flows; USD/JPY, EUR/USD affected

Gold's bullish momentum accelerated with increased buying activity, influencing major forex pairs as safe-haven flows reshape currency markets. The precious metal's strength typically correlates with dollar weakness, benefiting EUR/USD which has seen upward pressure amid risk-off sentiment. USD/JPY faces selling pressure as the yen attracts traditional safe-haven demand alongside gold. GBP/USD shows mixed signals while maintaining range-bound trading patterns. The Nasdaq 100's performance adds another dimension to currency flows, with tech sector volatility influencing risk appetite across forex markets. Technical analysis reveals gold breaking above key resistance levels, suggesting continued bullish momentum that could further pressure the dollar. Traders are adjusting positions to account for shifting risk dynamics, with safe-haven currencies like JPY and CHF gaining favor. The correlation between gold strength and dollar weakness remains a key factor for EUR/USD trajectory in coming sessions.