Gold/LionGold/CNMC

Gold/LionGold/CNMC: Gold hovered near a five-mth peak on Mon, supported by hopes for more stimulus measures after US Federal Reserve chairman Ben Bernanke gave a grave assessment of the economy last week. Central banks are still hurtling towards more cash-printing, as they are under pressure to be doing something actively, which is good for gold, says trades. Speculators raised their net long positions in US gold futures and options to the highest level in more than five nths in the week ended Aug 28, according to the US Commodity Futures Trading Commission.