Gold rose amid fears over inflation and U.S. economic growth
Spot gold inched up to $475.00 in early Asian trade on Monday, from $473.80 an ounce last quoted in New York.
Gold rose amid fears over inflation and U.S. economic growth and a threat of attacks in New York triggered safe haven buying on Friday, which pushed up the price of gold to its highest level in nearly 18 years at $475.60.
On Friday, the benchmark August gold contract on the Tokyo Commodity Exchange rose as far as 1,737 yen per gram, the highest since July 1991, before closing at 1,730 yen, up 15 yen. Trading resumes on Tuesday.