USD 66.6082

+0.61

EUR 73.9484

+0.73

BRENT 59.76

-0.01

AI-92 42.23

+0.04

AI-95 45.97

+0.02

AI-98 51.74

0

Diesel 45.89

+0.11

9

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.