Gold prices have largely risen over the past 18 months, approximately, but will they continue to do so this August?

U.S. growth, tariff-related inflation worries and a weaker dollar will drive gold to a new record, possibly within three months, says Citi.

Spot gold was down 0.5 per cent at $3,362.54 per ounce, after hitting a nearly two-week high on Tuesday. U.S. gold futures also fell by 0.5 per cent to $3,417.30. This comes as U.S. Treasury yields inched higher,