LONDON, Oct 3 (Reuters) - Gold prices extended gains on Monday, rising more than 2 percent to a session high at $1,657.15 an ounce, as a drop in assets seen as higher risk, like stocks and the euro, boosted interest in bullion as an alternative.
Gold slipped along with other financial markets last week as investors cashed in gains to cover losses elsewhere, but the precious metal regained upward momentum after its price drop washed out weak investors.
Spot gold was up 2 percent at $1,656.46 an ounce at 0836 GMT. (Reporting by Jan Harvey; Editing by Alison Birrane)
