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Commodities

Gold Price Hits Highest Level Since May Amid Speculative Surge

Guavy AI Editorial Team
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Gold
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The spot price of gold rose to $4,680.70 per ounce on Monday, its highest level since May 14.

Gold's surge came amid a weaker dollar and falling U.S. Treasury yields, according to Reuters.

Citi believes that this strong price movement is not yet backed by equally strong physical demand.

The bank notes that retail investors in China are not rushing to buy gold despite rising prices, and in India, premiums over global prices remain negative.

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