Gold Climbs 3% Else

Gold prices soared to nearly a four-week high.

Spot gold hit a high of $620.50 an ounce before easing to $619.35-620.35 an ounce in early trade on Monday in New York, up from $612.60-613.60 levels last quoted on Friday.

Gold gained more than 3% in the US market at the end of last week as the dollar weakened when tame inflation data backed up the expectations that the Federal Reserve may have arrived at the end of its two-year campaign of tightening monetary policy.