Gold topped $4,700 an ounce Monday and is up 14.69% in August, on pace for its strongest month since September 1999 as the dollar weakened.

Gold prices have surged sharply in August, supported by a weaker U.S. dollar, expectations of monetary easing, geopolitical tensions, and sustained central-bank purchases. Strong…

The price of gold rose to above $4,700 early Monday, lifting the metal to its highest price in about 15 weeks after a mostly stagnant summer.