Gold prices rebounded on Monday as the US dollar weakened and trade tensions resurfaced following Treasury Secretary Scott Bessent’s reiteration of Donald Trump’s tariff threats. Spot gold rose 0.7% to US$3,223.55, while US gold futures gained 1.3%.
Gold Rebounds as US Dollar Dips, Trade Tensions Resurface
The rally comes after gold suffered its worst week since November due to improved risk sentiment from a US-China trade deal. A Moody’s downgrade of the US credit rating further boosted safe-haven demand.
Market analysts suggest upcoming Fed rate cuts could hinge on Trump’s trade tactics. Silver, platinum, and palladium also posted gains, reflecting broader strength in precious metals.
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