Gold prices hit 3-month high
Gold prices rose today, Monday, to their highest levels in more than three months, driven by investors awaiting U.S. inflation data and the Federal Reserve Chairman's speech on the interest rate path. Spot gold increased by 1% to approximately $4,650 per ounce, its highest level since mid-May, while U.S. futures climbed by 0.55% to over $4,706. Reports forecast that gold could surpass $4,900 per ounce by the end of the year, supported by increased demand from central banks and U.S. government support plans, which have boosted expectations of further gains for this precious metal.
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