Spot gold prices surged past the $4,300 per ounce mark during the afternoon trading session in Beijing on August 7.

This represented a gain of more than 1% for the day, pushing the precious metal to a new milestone.

The move comes as investors continue to seek safe-haven assets amid ongoing market uncertainties.

Key levels to watch include the $4,300 support zone, which could now act as a floor for further upside, while resistance may emerge near the $4,350 to $4,400 range.

The broader trend remains bullish, supported by strong demand from central banks and geopolitical tensions.

Market participants will be closely monitoring upcoming economic data and Federal Reserve commentary for further direction on gold prices.