Gold prices climbed higher on Monday as it appears that central banks have regained their appetite for buying bullion after staying on the sidelines for the past year.
Spot gold advanced 0.3% to $1,790.52 per ounce by 11:45 a.m. ET, approaching the $1,800 level last seen in mid-June. US gold futures saw a gain of 0.5%, trading at $1,791.70 per ounce in New York.
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