Trade Tensions and Currency Movements Drive Gold Up
Gold prices rose on Monday due to a weaker U.S. dollar and renewed trade tensions prompted by President Donald Trump’s tariff threats.
Spot gold increased by 0.8% to $3,228.47 per ounce, while U.S. gold futures rose 1.4% to $3,232.10.
The dollar’s decline made gold more attractive to foreign investors, and the metal benefited from its status as a safe-haven asset amid political and economic instability.
