Gold Reached 1Month Peak

Gold rose to its highest price in nearly four weeks on Monday, forced up by dollar weakness and as Japanese investors bought, tracking strong gains in New York.

Dealers also noted purchases from jewellery makers, which helped gold hit a high of $619,25 an ounce before easing to $617,75/618,50 an ounce, still higher than $612,60/613,60 last quoted in New York on Friday.

The benchmark June 2007 gold contract on the Tokyo Commodity Exchange rose by the daily 60-yen limit to 2 313 yen per gram as investors shifted back their funds into the metal in the new quarter.