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Gold price tops 3-month high as fund buying picks up
Funds are pouring into gold again. Image: Generation Grundeinkommen.

Gold prices touched their highest in over three months on Monday, with signs showing money managers and exchange-traded fund investors are turning more positive on the precious metal.

Spot gold advanced 1.2% to $1,865.74/oz by 11:50 a.m. ET Monday, crossing the key $1,850/oz technical level for the first time since early February. US gold future also gained $1.5% to $1,865.80/oz on the Comex in New York.

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Funds are pouring into gold again. Image: Generation Grundeinkommen.

Gold prices touched their highest in over three months on Monday, with signs showing money managers and exchange-traded fund investors are turning more positive on the precious metal.

Spot gold advanced 1.2% to $1,865.74/oz by 11:50 a.m. ET Monday, crossing the key $1,850/oz technical level for the first time since early February. US gold future also gained $1.5% to $1,865.80/oz on the Comex in New York.

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