Online reported that gold prices rose moderately on Wednesday as the dollar weakened and investors waited for greater clarity in trade negotiations between the United States and its trading partners, as well as another PPI inflation data that may provide further guidance on the Federal Reserve's policy outlook. Independent analyst Ross Norman said: "The US dollar is currently weakening ahead of the release of US PPI data as traders take a cautious stance after recent gains, which has caused gold prices to rise moderately." However, Ajay Kedia, director of Kedia Commodities, said that despite Trump's updated new tariffs, the gold market has repeatedly fallen below the $3400 mark. Previously, ANZ predicted in a report: "In the short term, gold prices may consolidate and then rise again to $3600 per ounce before the end of the year."