Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Gold Prices Surge to Highest Level Since May 15 Amid Dollar Weakness

Guavy AI Editorial Team
Instruments
Gold
Share

Gold prices rose on Monday to their highest level since May 15, reaching $4,654.20 an ounce after gaining more than 5% last week.

The increase is attributed to a weaker dollar and investor anticipation of U.S. inflation data and a speech by Federal Reserve Chair Kevin Warsh at the Jackson Hole Symposium this week.

Investors are focusing on Wednesday's release of July core personal consumption expenditures (PCE) price index data, which serves as the Fed's preferred inflation gauge.

More on Commodities

Commodities 3m ago

Gold Sees Record $22 Billion Inflows Amid Weakening Dollar

Commodities 5m ago

Iran Blacklists 45 Tankers Over Strait of Hormuz Disputes

Commodities 6m ago

Southern India's Silver Premium Soars to ₹15,000

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy