Gold Prices Soar to Three-Month High, Reaching $4,636 an Ounce

Gold prices have reached their highest level in over three months, according to recent market trends. The precious metal rose by 0.7% on Monday to a value of $4,636.34 an ounce, marking its highest price since May 15.

This significant increase comes as part of a recent rally in gold prices, which have been gaining momentum over the past few weeks. Spot gold has been steadily rising, with US gold futures also experiencing a moderate gain of 0.3% to $4,694.80 an ounce.

Other precious metals have also seen price increases, with spot silver rising by 0.8% to $69.51 an ounce and platinum gaining 0.4% to $1,885.38. Palladium edged up slightly by 0.1% to $1,350.53.