Gold prices continued their upward momentum on Tuesday, climbing nearly 1% in early European trading as sustained buying interest in Asia propelled the precious metal higher.

During the Asian session, traders capitalized on a weaker U.S. dollar and lingering geopolitical tensions, which boosted demand for safe-haven assets. Spot gold surged past key technical levels, drawing further bids and reinforcing bullish sentiment in the market.

As European markets opened, gold held firm near its session highs, with investors eyeing upcoming economic data and central bank commentary for further direction. Analysts note that persistent inflation concerns and uncertainty around global growth remain supportive of gold in the near term.

Technical indicators suggest the next resistance could be tested soon if the current momentum continues, while support remains well-established near last week’s lows.

Market participants are now closely watching U.S. jobless claims and inflation reports later this week, which could influence the Federal Reserve’s policy stance and, by extension, gold’s trajectory.

For now, the yellow metal appears well-bid, reinforcing its reputation as a reliable hedge in times of uncertainty.