Gold prices surged more than 1% today (Thursday), driven by buying interest following a recent dip, just a day after the metal touched a one-week low amid optimism over a potential U.S.-China trade agreement.
Spot gold climbed 1.5% to $3,335.39 per ounce, while U.S. gold futures also rose 1.5% to $3,344.
The metal had previously hit an all-time high of $3,500.05 last Tuesday, before retreating to below $3,300 the next day.
Meanwhile, the U.S. dollar fell 0.3% against major currencies, making gold—priced in dollars—cheaper for investors using other currencies.
