Gold Surges to Three-Month High on Weaker Dollar

Gold prices have surged to their highest level in over three months due to a weaker US dollar and growing economic uncertainty.

The precious metal gained 0.5% to reach $4,627.42 per ounce on Monday, marking its highest point since May 15th.

This recent rally comes as investors assess shifting expectations for US monetary policy and the impact of renewed concerns in the US Treasury market.

The dollar's struggles to regain momentum have added to gold's appeal, making it cheaper for buyers holding other currencies.