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."
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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