Gold prices maintained upward momentum as the US dollar softened after reduced tensions surrounding potential trade disputes. Investors showed renewed interest in the metal, which often serves as a safe-haven asset, as uncertainty surrounding economic policies eased slightly.
The shift followed indications of de-escalation in trade conflicts involving the US, leading to a less defensive stance in currency markets. This weakened the dollar, making gold more attractive to buyers using other currencies. Analysts suggest this trend could persist if global trade relations stabilize further, keeping gold in focus for risk-conscious investors.
