Gold Surges Past $4,400 Amid Dollar Decline
Gold prices have surged above $4,400 an ounce after snapping a three-session losing streak. The increase was largely driven by a weaker U.S. dollar, making gold more affordable for overseas buyers.
The dollar's decline was attributed to a sharp appreciation in the Japanese yen this month. This shift in currency values has boosted gold prices and snapped the metal's recent losing streak.