(Reuters) - Gold on Monday rose more than $3 an ounce to a new six-week high, building on Friday's strong price gains and helped by inflationary fears.
Spot gold was at $687.20/$687.70 an ounce by 0552 GMT versus $684.30/$684.80 an ounce late in New York Friday after rising more than $2 from the London fix.In earlier trading Monday, gold went as high as $688.10 an ounce, its costliest since February 27.
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