Gold Prices Soar to Three-Month High Amid Geopolitical Tensions

Gold prices have surged to $4,600 per ounce, marking a three-month high and extending its winning streak to a third consecutive week.

The latest rally is driven by a combination of weaker-than-expected U.S. economic data, which has fueled speculation that the Federal Reserve may begin cutting interest rates sooner than previously anticipated.

Geopolitical tensions and concerns over global growth have also kept investor demand elevated, with robust central bank buying, particularly from emerging-market economies seeking to diversify reserves away from the dollar.