Weakening Dollar Sends Gold Prices Soaring on Safe-Haven Demand

Gold prices have surged over the past month, driven by a weakening US dollar and renewed safe-haven demand.

The dollar index has corrected from around 101.50 to nearly 98.50, making gold more attractive to international buyers.

Geopolitical uncertainty surrounding tensions between the US and Iran, as well as broader Middle East concerns, have also revived safe-haven demand for gold.

Central banks continue to accumulate gold reserves, with emerging market economies consistently increasing their holdings.