Gold rose 1% on Wednesday, supported by a softer dollar and weak U.S. data, as investors grappled with mounting economic and political uncertainty.

Gold futures rose, helped by weaker than expected U.S. economic data and a softer dollar, on top of the tariff uncertainty and geopolitical tensions that have been driving safe-haven demand.

Gold prices were surging on Monday as a flare-up in trade tensions between the U.S. and China boosted the safe haven asset's appeal. Futures climbed 1.7% to $3,372 per Troy ounce in early trading, leaving the precious metal about 4% short of the record high it hit in April.