Odaily Planet Daily News Gold prices rose more than 1% on Monday, standing above the $3,400/ounce mark. As the dollar and U.S. bond yields weakened amid uncertainty in trade negotiations, the United States stipulated that countries must reach an agreement before the August 1 deadline, otherwise they will face more tariffs. David Meger, director of metal trading at High Ridge Futures, said: "As the August 1 deadline approaches, this brings a degree of uncertainty to the market, which is certainly beneficial." Meger said that rumors of an earlier-than-expected U.S. interest rate cut are heating up, and speculation about the possible replacement of Federal Reserve Chairman Powell and the reorganization of the Federal Reserve have exacerbated market uneasiness. (Jinshi)