Shares of Eldorado Gold Corporation (EGO) surged 5.04% in Tuesday's trading session, riding the wave of a broader rally in gold prices. The precious metal reached a two-week high, with spot gold rising 1.85% to $3,396.21 an ounce, driven by a combination of factors including post-holiday buying from China and growing concerns over potential U.S. tariffs on pharmaceutical imports.

The gold market's strength has been attributed to several key factors. China, the world's top gold consumer, reopened its markets after the Labour Day holiday, spurring fresh demand. Additionally, the weakening U.S. dollar has made gold more attractive to holders of other currencies. Investors are also closely watching the Federal Reserve's upcoming policy decision, expected on Wednesday, which could provide insights into potential interest rate cuts and further influence gold prices.

Eldorado Gold, as a prominent player in the gold mining sector, has benefited from this positive sentiment in the gold market. The company's stock performance aligns with the broader trend seen across the industry, with other major gold miners such as Harmony Gold, Anglogold, and Barrick Gold also experiencing significant gains. Analysts remain bullish on gold, with some projecting prices could reach up to $4,000 an ounce this year, potentially spelling further upside for gold mining stocks like Eldorado.