Gold climbs above $1,420/oz on haven buying

Reuters reports that Gold rose above $1,420 an ounce for the first time since mid-November on Monday.

The market news is quoted as saying:

Spot gold rose as high as $1,420.31 an ounce and was bid at $1,418.25 at 1704 GMT, against $1,414.35 late on Friday. It hit a record $1,424.10 early in November. U.S. gold futures for December delivery rose $13.30 an ounce to $1,419.50

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