Gold prices are soaring again. Here’s why a new record could be right around the corner. - MarketWatch

1. Citi analysts forecast gold could reach $3,500 an ounce soon. 2. Concerns over U.S. growth and inflation are boosting gold prices. 3. DXY has lost nearly 9% this year, indicating dollar weakness. 4. Rising tariffs may drive short-term inflation in the U.S. 5. Interest rate cut expectations are increasing following weak jobs data.