Gold futures climbed Monday to close at their highest level in three trading sessions
Gold futures climbed Monday to close at their highest level in three trading sessions, taking a turn higher as some traders viewed developments in the stand-off between Iran and the U.K. as taking a slight turn for the worst.
Gold for April delivery climbed $2.70 to close at $665.70 an ounce on the New York Mercantile Exchange, reversing from an earlier dip to $657. The contract ended last week with a gain of $5.70 as developments in Iran and China punctuated the metal's appeal as a safe-haven investment, but the price was down about 1.4% for March as a whole.
Although April remains the front-month contract for futures, most of the trading volume has moved to the June contract, which closed at $671.50, up $2.50, after trading as low as $661.70 earlier.