Gold futures were rising after China boosted its gold reserves for the second consecutive month. Futures were up 0.45% at $2,659.30 a troy ounce. The People's Bank of China bullion reserve rose to 73.

Gold futures rose, gaining from a softer dollar after Trump rejected reports of a more moderate trade policy approach. China raised its gold reserves for the second straight month.

China’s central bank expanded its gold reserves for a second month in December, signaling renewed appetite after temporarily pausing purchases last year as prices soared.