Doha: Gold prices continued their strong upward trend on Monday, rising by more than one percent. Spot gold increased by 1.2 percent to reach $2,895.38 per ounce. Earlier in the session, gold hit an all-time high of $2,896.35, marking the seventh peak this year.
According to Qatar News Agency, U.S. gold futures also jumped by 1.2 percent, reaching $2,920.80. As for other precious metals, silver in spot trading climbed by 1 percent to $32.14 per ounce. Platinum gained 0.8 percent to $983.86, and palladium rose by 0.6 percent to $970.15.