U.S. growth, tariff-related inflation worries and a weaker dollar will drive gold to a new record, possibly within three months, says Citi.

Gold prices have largely risen over the past 18 months, approximately, but will they continue to do so this August?

Spot gold was down 0.5 per cent at $3,362.54 per ounce, after hitting a nearly two-week high on Tuesday. U.S. gold futures also fell by 0.5 per cent to $3,417.30. This comes as U.S. Treasury yields inched higher,