India, May 5 -- Gold rallied toward $3,300 per ounce on Monday as the U.S. dollar continued to struggle around the 100 mark amid tariff-related uncertainty and ahead of the Federal Open Market Committee (FOMC) meeting, scheduled for May 7.
Geopolitical risks also revived safe-haven demand, with Israel's security cabinet reportedly approving a plan to capture all of the Gaza Strip and remain there for an unspecified amount of time.
Spot gold jumped 1.4 percent to $3,286.51 per ounce in early European trade, while U.S. gold futures were up 1.9 percent at $3,304.96.
The dollar remained pinned down following mixed signals on tariffs from U.S. President Donald Trump.
Trump said aboard Air Force One that his administration could strike trade ...