Gold price back above $1,800

Gold prices surpassed the key $1,800 level on Monday as investors continue to assess the Federal Reserve’s likely response to inflationary pressures after its chair said last week that inflation “could last longer than expected.”

Spot gold gained 0.8% by 11:30 a.m. EDT to trade at $1,807.99/oz, its highest in over a month. US gold futures also rose $0.7% to $1,809.80/oz in New York.

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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