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Spot gold opened nearly $10 higher on Monday, reaching $4,624.39 per ounce as investors continued shifting toward safe-haven assets amid global economic uncertainty. The rise in gold prices reflects cautious market sentiment, with traders closely monitoring inflation trends, central bank policies, and geopolitical developments.
According to Jin10, stronger demand for defensive assets supported the early gains in gold trading. Ongoing concerns about interest rates, currency fluctuations, and global financial stability have also increased investor interest in precious metals.
Analysts note that gold remains highly sensitive to movements in the U.S. dollar and Treasury yields. If economic uncertainty persists or expectations for rate cuts strengthen, gold could continue attracting bullish momentum in the near term.
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