Gold Rose On Irani-US Rising Tension

Gold rose in Europe on Thursday as investors turned to bullion amid rising tension between Iran and the United States and as equity markets fell.

Gold rose to $929.90/930.10 at 0940 GMT from $926.90/928.10 an ounce late in New York on Wednesday.

"One thing pushing the gold price up is the Iran crisis, and the second thing is the off-coming stock prices," said Michael Kempinski, a trader at Commerzbank. "There are probably some funds trying to park money in different areas and so they are probably going for gold at the moment."