Gold hits 5-month peak as dollar dips

Gold prices rose to a five-month high on Monday, as the U.S. dollar weakened slightly after more Chinese cities relaxed COVID-19 restrictions over the weekend.

Spot gold XAU= was up 0.5% at $1,807.21 per ounce, as of 0233 GMT, after climbing to its highest level since July 5 at $1,808.20 earlier in the session. U.S. gold futures GCv1 gained 0.6% to $1,819.60.

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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