Gold rose in amid likely safe-haven demand. Uncertainty over U.S. trade policy has persisted, DHF Capital's Bas Kooijman said.

"After recently excluding smartphones and computers from new reciprocal tariffs, President Trump indicated potential exemptions for auto parts," the CEO and asset manager said.

"However, this was offset by national security investigations into pharmaceutical and semiconductor imports, raising the risk of new trade barriers," Kooijman added.

Sources: Morningstar