Gold edges up on weaker dollar

Gold prices rose on Monday on a weaker dollar, as investors positioned for key U.S. economic data and clues on the Federal Reserve’s interest rate path at its meeting this week.

Spot gold XAU= rose 0.2% to $1,963.90 per ounce by 0921 GMT. U.S. gold futures GCcv1 were up 0.1% at $1,979.70.

U.S. May inflation data is due on Tuesday as the Fed kicks off its two-day meeting, with early estimates showing the pace of month-on-month inflation easing, up 0.2% in May after having risen 0.4% in April, according to a Reuters poll.

London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.

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