XAU/USD Gold Futures surge to $3,412 on sustained bullish momentum

Gold futures (XAU/USD) have risen 0.35% ($12.0) to $3,411.8, maintaining strong bullish momentum with year-to-date gains of 29.19%. The precious metal is trading near the upper end of its 52-week range ($2,418.8-$3,509.9), supported by persistent safe-haven demand and dovish central bank expectations. Weekly performance shows a robust 2.74% gain, while monthly returns stand at 2.02%. The intraday trading range of $3,397.9-$3,423.9 demonstrates healthy volatility with buyers defending support levels. Technical indicators suggest continued upward pressure, with immediate resistance at the recent high of $3,509.9. The sustained rally reflects ongoing geopolitical uncertainties, inflation concerns, and expectations of potential monetary policy easing from major central banks. Traders should monitor key support at $3,400 psychological level, with a break below potentially triggering profit-taking toward $3,350.