Gold holds near six-year peak on weaker dollar, Middle East tensions

Gold prices extended gains in early Asian trade on Monday, hovering near a six-year peak touched in the previous session, as a weaker dollar and heightened tensions between the United States and Iran underpinned the precious metal.

FUNDAMENTALS

* Spot gold was up 0.6% at $1,406.56 per ounce as of 0114 GMT, heading for a fifth straight session of gains. Gold prices hit $1,410.78 on Friday, their highest since Sept. 4, 2013.

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