XAU/USD reached a fresh all-time high of $3,038.33 on Tuesday, trading nearby in the mid-American session. The bright metal benefited from mounting geopolitical jitters on different fronts.
On the one hand, Israeli Prime Minister Benjamin Netanyahu accused Hamas of breaking the peace agreement by refusing to release hostages and resuming attacks on Gaza, reviving the Middle East conflict despite the United States' (US) efforts to maintain the cease-fire