By Gina Lee

Investing.com – Gold was up on Monday morning in Asia, hitting a two-month high. Yellow metal received an additional boost when A was removed from the market.

By 11:36PM ET (3:36 GMT), the price had risen 0.18% to $1.820.10 After reaching their high point on Sep. 7, they remained at $1,800 after a session in which they had reached their highest levels since then. Monday’s move saw the dollar drop inversely to gold.

Investors digested Friday’s U.S. job report, which showed that increased by a better-than-expected 531,000. It fell to 4.6% in October.

“There is no question” that the U.S. labor market is tight, U.S. Federal Reserve Bank of Kansas City Esther George said on Friday. George will also be looking carefully at how wage pressures and inflation expectations unfold as she tries to gauge how close the economy is to the Fed’s goal of full employment, she added.

On the same day, the U.S. Congress passed a $1 trillion infrastructure bill to repair the nation’s airports, roads, and bridges.

The latest data from Asia Pacific was released Sunday and showed that October’s growth rate was 27.1%. The figure stood at $84.54 trillion and grew by 20.6% annually.

The Bank of Japan believes that ultra-easy monetary policies are needed as the inflation rate is only moderately rising and wages growth continues to be slow, according to a Monday statement from the October meeting.

During the Festival Season last week, India was the biggest consumer of physical gold.

The other precious metals saw silver rise 0.3% and platinum increase 0.2% while palladium rose 0.5%.