Gold Prices Hit Two-Month Peak Amid Bullish Sentiment

Gold prices have reached their highest level in two months, exceeding $4,406.64 per ounce. Spot gold rose by 0.9 percent from its previous price, surpassing its 100-day moving average of $4,387.22. This increase marks a significant climb for the precious metal, with bullion reaching its highest point since June 5th.

The rise in gold prices is also reflected in other metals, with silver surging by 1.3 percent to $65.49 per ounce and platinum increasing by 0.9 percent to $1,759.50. Palladium has also gained traction, rising by 0.5 percent to $1,367.23.

US gold futures have settled at $4,467.5, a 0.6 percent increase from its previous price.