Gold prices surged to a fresh all-time high, buoyed by a weaker dollar. The move followed U.S. economic data that pointed to a resilient job market and steady consumer spending, easing immediate recession fears and prompting a shift in safe-haven flows.

The dollar's decline made gold cheaper for holders of other currencies, amplifying demand. This rally extends a multi-week surge driven by geopolitical tensions and expectations the Federal Reserve may pause its rate hikes sooner than anticipated, boosting gold's appeal as a non-yielding asset.

Investors now watch for upcoming inflation data and central bank signals for the next directional cue. A sustained break above this record could trigger further technical buying, while any dollar rebound might cap gains. The metal's performance remains a key gauge of broader market sentiment.