Gold prices surged to a three-month peak on Monday, driven by a weaker US dollar and anticipation of key US inflation data alongside remarks from Federal Reserve Chair Kevin Warsh.
Weaker US dollar boosts gold prices
Aug 24, 2026
01:31 pm
What's the storyGold prices have surged to their highest level in over three months, reaching over $4,641 per ounce.
The increase is mainly due to a weaker US dollar and investor interest in upcoming US inflation data and Federal Reserve Chair Kevin Warsh's speech.
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