Gold prices closed higher on Monday, driven by technical buying interest following a period of recent declines.
The precious metal joined a broad-based rally across the metals complex, with industrial benchmarks also posting gains.
The World Gold Council recently raised its 2026 target to $4,100, citing improving sentiment and structural demand drivers.
This move marks a stabilization in sentiment after the metal had faced selling pressure in prior sessions.
The rally reflects a shift in market dynamics, with traders positioning for potential upside as technical indicators turned favorable.
The World Gold Council recently raised its 2026 target to $4,100, citing improving sentiment and structural demand drivers. This upward revision underscores the growing confidence among institutional investors in the metal's long-term trajectory.
The broader metals complex also benefited from the positive momentum, with industrial metals seeing renewed interest.