Gold surges to highest level in over two months

Gold prices climbed to their highest level in over two months during trading today, as investors awaited fresh signals on the direction of US interest rates.

Spot gold rose to $4,432.74 per ounce, while US gold futures increased by 1.7% to $4,492.60 per ounce.

Other precious metals also gained, with spot silver up 0.9% to $66.30 per ounce and platinum rising 0.7% to $1,765.26 per ounce.