Gold Futures Gain as Dollar Weakens, Geopolitical Tensions Mount
Gold futures rise on a weaker dollar and increased safe-haven demand. Futures are up 1.1% at $2,878.90 a troy ounce. Geopolitical concerns have risen as hopes of a potential peace deal in the short-term between Russia and Ukraine fade, boosting bullion's safe-haven appeal.
The increased concerns follow U.S. President Donald Trump and Vice President JD Vance clashing with Ukrainian President Volodymyr Zelensky in the White House. A number of European officials have expressed shock at the event and defense stocks in the European Union have jumped in response.
At the same time, the Trump administration's reaffirmation of tariff plans on Canada, Mexico and China from Tuesday have further added to financial market concerns, driving a risk-off attitude.
Source : Dow Jones Newswires