Gold Maintains Gains to Fresh Three-Month Highs

Gold prices rose on Monday for the fourth consecutive session, supported by the decline of the U.S. Dollar (USD) and fears about a potential rise in inflation rates, which led to higher demand for safe havens.

The yellow metal futures for June delivery gained $6.30, or 0.3%, to finish at $1,837.60 per ounce.

Today’s closing level signaled the highest for gold futures in about three months, since February 10.

Last week. The precious metal’s most active contracts registered a 3.6% increase.

Meanwhile, silver futures for July delivery added 2 cents, or 0.05%, to close at $27.49 per ounce.