XAU/USD surges 2.1% to $4,420 as precious metals rally continues

XAU/USD has gained 2.1% to reach $4,420 in early week trading, while XAG/USD jumped 3.7% to $75.46, as precious metals maintain their bullish momentum from the start of 2026. The rally follows Friday's strong opening that saw some profit-taking into the close, with gold encountering resistance at the 100-hour moving average. The sustained bid in precious metals reflects ongoing safe-haven demand amid global economic uncertainties and potential shifts in central bank policies. Technical indicators suggest gold faces immediate resistance at the 100-hour MA, with a break above potentially opening the path toward $4,450. Support has formed around $4,350 from Friday's consolidation. The strength in precious metals typically signals risk-off sentiment in broader markets, which could support safe-haven currencies like JPY and CHF while pressuring commodity-linked currencies such as AUD and NZD in the near term.