Gold prices have extended their remarkable recovery and are trading at a two-week high this Tuesday. Recent developments have caused a surge in demand for gold as a safe-haven asset, especially in light of geopolitical uncertainties and market fluctuations.

The upward momentum becomes evident as the price breaks through the Fibonacci retracement level of 61.8% from the $3500 to $3201 pullback, currently hovering near the psychological barrier of $3400. Investors are closely monitoring this trend as safe-haven assets gain traction amid economic challenges and market volatility. With gold proving its resilience, analysts suggest this trend could continue, attracting more investors looking for stability in uncertain times.