Gold has resumed its rally after a brief holiday pause, edging closer to the $3,400 target. Fresh demand for safe haven assets has surged due to increasing uncertainty over the escalation of the U.S.-China trade war and China’s strong warnings against making economic deals with the U.S.

Investors are now more aligned with gold as a hedge against volatility in global markets. The previous intermission in gold’s ascent has created a buildup of momentum, and enthusiasts believe this will lead to higher valuations soon. Being aware of the factors influencing this precious commodity will be crucial for traders looking to capitalize on this rebound. As gold approaches significant price levels, market participants need to stay tuned for potential shifts in the landscape.