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Reuters
Gold hits 2-month peak as investors cheer dovish cenbank stance
Spot gold was flat at $1,816.96 per ounce by 0819 GMT, after hitting its highest since Sept. 7 at $1,821.26 earlier. Major central banks last week stuck to the view that current inflationary pressures would fade, dimming the prospect for faster rate hikes. Analysts said a better-than-expected U.S. payrolls report on Friday was also unlikely to change the Fed’s dovish stance, with market participants now focusing on Wednesday’s key Consumer Price Index reading.
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