USD 64.3455

+0.09

EUR 71.0503

+0.2

BRENT 59.11

+59.11

AI-92 42.27

+0.11

AI-95 46.03

+0.1

AI-98 51.83

+0.01

Diesel 46.13

-0.02

15

Gold Rising in US on Iran-American Uncertainty

Funds and brokers pushed gold up as concerns grew over tensions between the United States and Iran

Comex, gold rose 1.5 percent on active buying, and platinum touched a new all-time high.

June gold futures climbed to $9.10 to $601.80 an ounce, trading from $592.60 and $602.80 an ounce.

Friday, it hit a contract peak at $603.10, a price not seen since January 1981.

Funds and brokers pushed gold up as concerns grew over tensions between the United States and Iran and as oil prices shot closer to $70 per barrel.

"Gold once again found itself at the convergence of geopolitical and energy factors and surged right back to the $600 level, erasing Friday's losses within the first few hours of trading," said John Nadler, an analyst with bullion dealers Kitco.