Gold prices fell more than 3 percent in early Monday trading, continuing their decline to their lowest level in nearly four months, as escalating conflict in the Middle East raised concerns about inflation and expectations of higher interest rates globally. Spot gold prices fell 3.3 percent to $4,340.09 per ounce by 01:00 GMT, continuing its losses for the ninth consecutive session. The metal, which fell today - Monday to its lowest level since January 2, fell by more than 10 percent last week. US gold futures for April delivery fell by 5 percent to $4,347.