Gold prices rose to a three-month high on Monday, as the dollar weakened against major currencies and equities stayed sluggish amid rising concerns about trade war.
Gold futures for December ended up $8.30, or 0.7%, at $1,230.30 an ounce. On Friday, gold futures settled at $1,222.00 an ounce, losing $5.60, or 0.5%.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.