Gold Rises as Traders Assess Tariff Impact on Inflation, Rates

Gold rose to the highest level in more than a month as traders assessed the impact of tariffs on inflation and interest rates in the absence of relevant economic data.

The dollar and bond yields pushed lower on Monday, helping send bullion as much as 1.5% higher. Bullion typically benefits when the greenback weakens and in a lower rate environment.

Macro funds have begun buying back their previously built short positions in gold, according to TD Securities. Bullion will see more upside, driven by catalysts including the trade war, resumed interest rate cuts, a stagflationary environment, and challenges to central ...