Gold hits near two-week high on softer dollar

Gold prices hit a near two-week peak on Monday, as a weaker dollar offset bets that the U.S. Federal Reserve could begin tapering its pandemic-era asset purchases soon. Spot gold rose 0.2% to $1,764.60 per ounce by 0112 GMT, after hitting $1,765.54, its highest since Sept. 23. U.S. gold futures gained 0.4% to $1,764.90.

from Markets-Economic Times https://ift.tt/3l6EE51