Gold prices rose Monday morning, nearing multi-month highs amid lingering risk aversion and speculation the Federal Reserve will delay further interest rate hikes.
U.S. gold for February delivery gained 10 dollars to $1,106.90 an ounce. A move to $1113 would take gold to its highest since early November.
The Fed meets this week to determine monetary policy. Given the recent troubles with the global economy and low inflation, the Fed is widely expected to keep rates unchanged following December’s modest hike.
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