Gold advanced in Asian trading on Tuesday, with spot prices rising 0.7% to $4,682.05 an ounce. Analyst Rania Gule of XS.com maintains a bullish medium-term outlook, citing sustained central bank demand, fiscal risks, and geopolitical uncertainty as key drivers. A weaker dollar and growing concerns over U.S. debt are also supporting demand, making gold prices less reliant on any single catalyst.

Gule notes that a decisive break above $4,700 an ounce would likely signal a gradual advance toward $5,000 and beyond. The precious metal continues its upward trajectory amid a supportive macroeconomic backdrop.