Gold futures are up 0.9% at $3,438.30 per troy ounce, rebounding from earlier losses. The U.S. dollar’s weakness due to trade and monetary policy uncertainty is driving the increase in gold prices. Global investors are looking to diversify away from dollar-based assets, contributing to gold’s upward trend. Analysts predict a firm rally higher for gold as it continues to trade above $3,400, with small downward corrections. This marks the fourth time in four months that gold has surpassed the $3,400 mark, indicating a bullish outlook for the precious metal.
Read more at Dow Jones & Company: Gold Futures Rise as U.S. Dollar Weakens
