Gold Rose to Its Highest Level in Two Months

Gold prices continued to climb to a two-month high on Monday, as investors maintained their view that central banks will continue to maintain low interest rates for the time being.

Investors are turning their attention to core inflation data in the US due later this week.

And the spot price of gold rose 0.2% to reach $ 1819.52 an ounce by 06:23 GMT, after hitting its highest level since the seventh of September earlier in the session.

US gold futures rose 0.3% to $1,822.10, and last week major central banks stuck to their view that the current inflationary pressures would abate, reducing the likelihood of a faster rate hike.