Gold prices climbed on July 11, buoyed by safe-haven demand amid ongoing geopolitical uncertainty and heightened volatility in global markets. Spot gold closed at US$3,354.76 per oz, marking a 0.9% gain from the previous session.

The advance marks the third straight day of gains for the precious metal, as investors continue to seek shelter from mounting risks, including trade tensions and uncertain monetary policy trajectories.

Front-month gold futures also saw a strong session, reaching an intraday high of US$3,381.60, up approximately US$43.50 from July 10’s close. Trading ranged between US$3,332 and US$3,381 throughout the day.

The rally came as US President Donald Trump’s tariff threats rattled financial markets globally, adding to the appeal of gold as a hedge against political and economic shocks.

Looking ahead, market participants will closely watch upcoming economic indicators and central bank commentary. Analysts caution that while gold could continue to benefit from risk-off sentiment, strong economic data or a shift in interest rate expectations could temper its momentum.