Bullion prices have been bolstered by a weaker dollar Gold prices hit their highest level since May on Monday, hovering above $2,000 per ounce, thanks to a weaker US dollar and speculation that the Federal Reserve’s interest rate hike cycle is over. Spot gold was up 0.6% at $2,012.92 per ounce by 10:19am GMT after hitting its highest level since May 16 at $2,017.82, according to Reuters. US gold futures also rose 0.5% to $2,013.80. Bullion first breached the key psychological threshold of $2,000 per ounce last week. The greenback fell 0.1% against a basket of currencies on Monday, moving closer to the two-month lo
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