Gold prices surged to a new all-time high on Monday, driven by a weaker US dollar and declining Treasury yields, which boosted demand for the commodity. Markets are preparing for a crucial Federal Reserve meeting this week, as policymakers are expected to announce the first interest rate reduction since December on Wednesday. Additionally, the US–China trade discussions in Madrid, initiated on Sunday, remain a key focus as global trade concerns continue to influence market sentiment. Gold rose 1.03% at 11:59 am ET to go for $3,681.36 per ounce. Silver gained 0.99%, going for $42.62. Platinum lost 0.32% to sell for $1,403.03 per ounce a minute later and palladium dipped by 1.92% at the same time, going for $1,169.39 per ounce.