Gold prices climbed on Monday to hover near a 4-1/2-month high, supported by a weaker U.S. dollar and growing inflationary pressure, while a slide in cryptocurrencies further lifted the safe-haven metal’s appeal.
Spot gold was up 0.3% at $1,884.91 per ounce by 0518 GMT. Last week, gold prices hit their highest level since Jan. 8 at $1,889.75.
U.S. gold futures rose 0.5% to $1,886.20 per ounce.
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