Business
Gold hits three-month high as investors boost safe-haven demand
Bullion climbs above $4,627 an ounce, while silver, platinum and palladium edge lower
Spot gold gained 0.5% to $4,627.42 per ounce as of 01:55 GMT, after touching its highest level since 15th May 2026 earlier in the session. File picture used for illustrative purpose.
Capitals: Gold prices rose to their highest level in more than three months on Monday, supported by continued investor demand for the precious metal.
Spot gold gained 0.5% to $4,627.42 per ounce as of 01:55 GMT, after touching its highest level since 15th May 2026 earlier in the session.
US gold futures also moved higher, rising 0.1% to $4,683.80 per ounce.
The latest gains reinforce gold's position as a preferred safe-haven asset amid ongoing uncertainty in global financial markets.
Among other precious metals:
- Silver fell 0.3% to $68.76 per ounce
- Platinum declined 0.5% to $1,868.03 per ounce
- Palladium slipped 0.3% to $1,345.87 per ounce
The rise in gold prices comes after a strong rally in recent weeks, pushing the metal to its highest level in more than three months.