[ThePitBoss]

Gold futures settled $64 higher (+1.6%) at $4,069.70/oz, as softer U.S. inflation data boosted expectations for a less restrictive Federal Reserve policy, pressuring the dollar and supporting bullion.

Renewed geopolitical concerns also fueled safe-haven demand, helping gold recover from the prior session’s decline.

U.S. Dollar Index is down about -0.4% to $100.91.