India, April 22 -- Gold extended a blistering rally on Tuesday, surging nearly 2 percent to break above $3,500 per pounce earlier before giving up some initial gains.
Spot gold was up 0.7 percent at $3,449.07 per ounce in early European trade after a 2.9 percent jump on Monday.
U.S. gold futures were up 1.2 percent at $3,465.89 on haven demand as the dollar remained under pressure after hitting a three-year low on Monday.
The dollar index headed for a fourth day of losses as tariff negotiations showed little progress and fears of a U.S. recession mounted.
U.S. President Donald Trump's latest criticism of Federal Reserve Chair Jerome Powell drove up uncertainty and fueled volatility in financial markets.
googletag.cmd.push(function() { ...