China
Gold futures on the COMEX (Commodity Exchange) division of the New York Mercantile Exchange rose significantly on Monday.
The most active gold contract for December delivery increased by 3.47 percent over the previous trading day to close at 4,359.4 dollars per ounce.
The surge was driven by expectations of U.S. interest rate cuts and sustained investor demand for safe-haven assets.
International gold price surges by over 3 percent
The U.S. dollar weakened in late trading on Friday.
The dollar index, which measures the greenback against six major peers, dropped 0.34 percent to 98.982 at 15:00 (2000 GMT).
In late New York trading, the euro rose to 1.1606 dollars from 1.1583 dollars in the previous session, and the British pound added to 1.34 dollars from 1.3328 U.S. dollars in the previous session.
The U.S. dollar bought 157.74 Japanese yen, lower than 157.77 Japanese yen in the previous session. The U.S. dollar decreased to 0.777 Swiss francs from 0.7827 Swiss francs, and it declined to 1.3596 Canadian dollars from 1.3697 Canadian dollars. The U.S. dollar dropped to 9.1855 Swedish Kronor from 9.2657 Swedish Kronor.
U.S. dollar ticks down
