Gold climbs above $4,100

Gold surged above $4,100 an ounce on Monday.

"Precious metals have started the week on the front foot, helped by a pause in Middle East hostilities. Oil haes slumped and both the dollar and U.S. Treasury yields have eased," independent analyst Ross Norman said, according to Quartz.

Norman added, "Gold is flashing cautiously positive signals: one eye on Iran, the other on the Fed. If [Fed Chair Kevin] Warsh pushes back against the roughly two hikes now embedded in the curve, that could be quite supportive for gold."

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