Gold prices edged higher on Monday and hovered near a seven-month high, supported by a weaker dollar and hopes that the Federal Reserve might slow its pace of interest rate hike.
Spot gold XAU= was up 0.2% at $1,868.89 per ounce, as of 0016 GMT. U.S. gold futures GCv1 also inched 0.2% higher at $1,873.80.
The dollar index .DXY was down 0.2%, making gold cheaper for overseas buyers.
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