Gold prices went up on Monday as the US dollar became weaker and crude oil prices fell, reducing worries about rising inflation. However, the increase in gold prices remained limited because bond yields continued to rise and investors stayed cautious due to the ongoing conflict in the Middle East.
Gold is often seen as a safe investment during uncertain times, and many investors are closely watching global developments before making big financial decisions. Earlier in the day, gold prices had fallen to their lowest level since March 30 before recovering slightly.
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