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-0.15

BRENT 59.34

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AI-92 42.27

0

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20

Gold Futures Climbed On Iran News

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.