Gold prices soared to a 25-year high on Monday, fueled by robust investment demand and a declining U.S. dollar. The precious metal reached $563.70 an ounce in London morning trade, marking its highest point since January 1981.

Analysts attribute the price surge to a combination of factors, including rising inflation concerns and geopolitical uncertainties. Investors often turn to gold as a safe-haven asset during times of economic and political instability. The weakening dollar also makes gold more attractive to investors holding other currencies.

The strong performance of gold is expected to continue in the near term, with analysts predicting further gains as long as the dollar remains weak and inflationary pressures persist.