Gold Hits 3-Week High as Dollar Slides and Geopolitical Storms Brew

Dollar Slips, Gold Rockets Higher Spot gold vaulted 2.5% to $3,372.13 an ounce—its loftiest perch since early May—while U.S. gold futures capped off a robust session 2.5% higher at $3,397.20. The dollar index (.DXY) stumbled 0.5% against a basket of major currencies, making gold more affordable for buyers worldwide. Let’s break this down in plain terms: as the dollar limps along, gold’s appeal is growing like wildfire. People aren’t stupid—they see the writing on the wall. Fiat currencies lose value, but gold’s eternal shine never dims. Trade Wars Heat Up, Investors Flee to Safety The geopolitical chessboard is getting more dangerous by the minute. President Trump’s sudden push to double steel and aluminum tariffs to 50% has reignited trade tensions…