Gold eyes $2,000 in record run as dollar dips on dovish Fed bets

By 0254 GMT, spot gold was up 1.4% at $1,969.76 per ounce after scaling a fresh peak of $1,980.57 in early Asian trade. U.S. gold futures climbed 1.7% to $1,963.30. One of the major factors for gold's run is the weakening of the dollar ahead of the Fed meeting, which is expected to reiterate an "accommodative" stance, said Michael McCarthy, chief strategist at CMC Markets.