FUNDAMENTALS
* Spot gold added $6.45 to trade at $1,659.94 an ounce by 0025 GMT after posting its second-biggest weekly decline this year last week on fading expectations of more monetary easing in the United States.
* U.S. April gold rose $4.8 to $1,660.60 an ounce.
* India's gold imports could fall temporarily after the government doubled its import duty but the world's biggest buyer of bullion is unlikely to be deterred for long by a four percent levy.
* The fall in gold prices has prompted one or more central banks to buy as much as four tonnes of bullion in recent weeks, according to an industry source and a Financial Times report on Friday.
MARKET NEWS
* U.S. crude oil futures edged up early on Monday, extending the previous session's gains as concerns over Iran's disputed nuclear programme continued to stoke supply disruption fears.
* The yen was on the defensive with the euro reaching a fresh five-month high against the Japanese currency, while the dollar nursed losses following a setback late last week.
* Japan's Nikkei share average gained, supported by buying of blue chip laggards as market players looked for fresh proof of a U.S. economic recovery before pushing the benchmark higher.
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