Dow Set to Open Up as Trump Fuels Fed Rate Speculation
Gold futures were rising on a weaker U.S. dollar and lingering uncertainty.
Futures were up 0.5% at $3,359.0 a troy ounce, though they remained 1.4% lower on week amid easing safe-haven demand.
The precious metal slid on Monday after Israel and Iran agreed a cease-fire, though it has since recouped some of its losses.
A fall in the U.S. dollar has made bullion more affordable for international purchasers, MUFG analysts said in a note.
At the same time, safe-haven demand is still high as the possibility of renewed Middle East fighting remains. Markets are also awaiting clearer signals on monetary policy from the Federal Reserve. Chair Jerome Powell has flagged uncertainty around the effect President Trump’s tariff agenda could have on inflation, MUFG added.