Gold Prices Soar Amidst Inflation Fears and Fed Watch

Gold prices have reached their highest level in more than three months as investors await U.S. inflation data and Federal Reserve Chairman Kevin Warsh's remarks this week.

The muted dollar has boosted gold's appeal, contributing to its surge. Investors are closely watching the release of U.S. inflation data for signals on interest-rate paths.

This development comes amidst a backdrop of rising mortgage rates driven by bond market pressures and concerns over inflation.