Photo Credit: WAM
Gold prices rose more than 1% on Monday, continuing their upward momentum after recording gains of nearly 5% during the previous week.
Spot gold increased 1.4% to $4,123.46 per ounce as of 04:28 GMT, while US gold futures for December delivery advanced by the same percentage to $4,132.70 per ounce.
The latest increase follows a strong performance last week, when bullion prices climbed approximately 5%.
Other precious metals also posted gains during Monday’s trading session. Spot silver surged 2.5% to $53.15 per ounce, while platinum rose 1.3% to $1,553.23 per ounce.
Meanwhile, palladium gained 2.1%, reaching $1,045.11 per ounce, as prices across the precious metals market moved higher.
