Gold hits three-month high as metals rally

Spot gold climbed to its highest level since 15 May, with silver, platinum, and palladium all posting gains.

Staff Writer

Article summary

AI Generated

Gold prices climbed to their highest level in more than three months on Monday, with spot gold rising 0.7% to $4,636.34 per ounce. Silver, platinum, and palladium all posted gains alongside the move.

Key points

  • Spot gold hit $4,636.34/oz, its highest since 15 May
  • Silver rose 0.8% to $69.51 per ounce
  • US gold futures gained 0.3% to $4,694.80

Subscribe to our free newsletter to continue reading.

Newsletters

Gold prices rose on Monday to their highest point in more than three months, with spot gold gaining 0.7% to $4,636.34 per ounce by 00:15 GMT, a level not seen since 15 May. US gold futures rose 0.3% to $4,694.80.

Other precious metals followed the move higher. Silver advanced 0.8% to $69.51 per ounce, platinum gained 0.4% to $1,885.38, and palladium edged up 0.1% to $1,350.53.