Gold accelerates to 8-month peak

Gold prices extended gains to an eight-month high on Monday as a weaker dollar made greenback-priced bullion cheaper for overseas buyers, while investors bet on a less-aggressive rate-hike trajectory from the U.S. Federal Reserve this year.

Spot gold was up 0.8% at $1,880.33 per ounce, as of 0722 GMT, its highest level since May 9, 2022. U.S. gold futures rose 0.7% to $1,883.60.

The dollar index slipped 0.4%.

KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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