Gold prices jump on dollar weakness and Fed uncertainty

Gold surged close to US$4,005 per ounce as weaker U.S. dollar and expectations of a slower monetary-policy cycle boosted safe-haven appeal. Markets processed signals from the Federal Reserve that further rate cuts are not assured, introducing uncertainty into the broader risk environment. The backdrop of U.S.–China trade diplomacy and bond-market rallies added to gold’s attraction as a hedge. Analysts caution, however, that sustainability of gains depends on inflation outcomes and central-bank coherence across regions.