Gold edges higher as softer dollar offsets easing geopolitical tensions

Gold prices moved higher on Monday as weakness in the U.S. dollar supported the precious metal. Spot gold climbed 1.1% to $4,096.36 an ounce, while August U.S. Gold Futures advanced 0.68% to $4,098.60 an ounce by early trading. The metal had posted gains of nearly 1% at the end of the prior week despite volatile conditions.
The U.S. Dollar Index declined 0.3% on Monday, making gold more accessible to investors using other currencies and underpinning demand. Energy markets also contributed to se