Gold Futures Rise on Safe-Haven Appeal

Gold futures rise on U.S. dollar weakness, steady central bank demand and market volatility.

Futures are up 0.6% at $3,363.70 a troy ounce. The precious metal's safe-haven appeal has been reinforced as U.S. courts upheld President Trump's so-called "reciprocal" tariffs while appeals proceed, says Tradu.com's Nikos Tzabouras in a note.

Central bank demand also persists as China added to its reserves for the seventh consecutive month in May, Tzabouras says. That said, optimism for a U.S.-China trade deal has risen as the nations concluded their talks with a framework. Negotiations with other partners could gain momentum near-term, he writes.