Due to the weakening dollar and continued safe-haven demand, the price of gold futures rose for the second day in a row, with an intraday increase of 1.7% to $33,62.50 per ounce. David Morrison, senior market analyst at Trade Nation, pointed out that despite a recovery in risk appetite in the market, demand for safe-haven assets such as gold is still strong under the continued catalysts of geopolitical and macroeconomic uncertainty. The weakening dollar further strengthened the safe-haven appeal of gold. Morrison also reminded investors to be cautious. Currently, the US dollar is seriously oversold. If there is a subsequent rebound, on the one hand, it will increase the purchase cost of commodities denominated in US dollars. On the other hand, the US dollar itself may also become an alternative safe haven option for gold.

Due to the weakening dollar and continued safe-haven demand, the price of gold futures rose for the second day in a row, with an intraday increase of 1.7% to $33,62.50 per ounce. David Morrison, senior market analyst at Trade Nation, pointed out that despite a recovery in risk appetite in the market, demand for safe-haven assets such as gold is still strong under the continued catalysts of geopolitical and macroeconomic uncertainty. The weakening dollar further strengthened the safe-haven appeal of gold. Morrison also reminded investors to be cautious. Currently, the US dollar is seriously oversold. If there is a subsequent rebound, on the one hand, it will increase the purchase cost of commodities denominated in US dollars. On the other hand, the US dollar itself may also become an alternative safe haven option for gold.