US Raised Security Alert, Lifting Gold Market

COMEX gold rose on Monday after United States raised its security alert for possible al-Qaeda attacks on U.S. financial institutions.
December gold settled up 70 cents at $394.40 an ounce, having pulled back to a morning low of $393.70.
It peaked at $397.30 overnight after that Washington warning of threat for major financial institutions in US.
The raising of the color-coded terror threat level to "orange," the second highest in a five-stage alert system, raised anxiety in world financial markets.
Investors have bought some gold as insurance against increased security risks in the run-up to the U.S. general election in November, but have otherwise adopted a wait-and-see attitude.
Gold remains well below the 15-year highs set in April above $430 an ounce, slightly up from Thursday level of $387.50 an ounce.