Gold prices hovered close to the key $1,800 level on Monday, supported by a weaker dollar as investors assessed the Federal Reserve’s likely response to inflationary pressure after its chair said inflation could last longer than expected.
Spot gold was up 0.3% at $1,797.81 per ounce, as of 0712 GMT. U.S. gold futures gained 0.1% to $1,797.20.
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