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.
The dollar index, dropped to its lowest since Sept. 29, making gold cheaper for buyers holding other currencies.
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