Gold Price Surges Past $2900

Gold prices (XAU/USD) have crossed the $2900 threshold, trading above $2910 as of Tuesday. This surge follows significant losses in the US dollar, attributed to news from German government officials about defense spending deals.

The current situation presents various opportunities and challenges for traders in the gold market. Market participants should stay updated on macroeconomic developments that could impact the price of gold in the upcoming sessions.