XAU/USD surges past $3,500 to record high in Asia-Pacific session

XAU/USD achieved a historic milestone during Tuesday's Asia-Pacific session, breaking above $3,500 to establish fresh all-time highs as safe-haven demand intensified. The breakout represents a significant technical achievement after months of consolidation below this psychological barrier. Asian markets witnessed heightened volatility with gold leading the charge, while currency pairs showed mixed reactions to the risk-off environment. The surge in gold prices reflects growing concerns about global economic stability and expectations of dovish monetary policy shifts from major central banks. Technical momentum remains strongly bullish, with no immediate resistance levels identified above current prices. The previous resistance at $3,500 now acts as initial support, followed by $3,475 as a secondary floor. Market participants are closely watching whether this breakout can sustain momentum through European and US sessions, as profit-taking could emerge at these elevated levels.