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  • Gold rises, boosted by Iran dispute and oil prices

    02/26/2007 8:33:10 AM PST · by Grampa Dave · 19 replies · 506+ views
    Market Watch.com ^ | Feb 25, 2007 | Myra P. Saefong & Polya Lesova
    METALS STOCKS Gold rises, boosted by Iran dispute and oil prices By Myra P. Saefong & Polya Lesova, MarketWatch Last Update: 11:22 AM ET Feb 26, 2007 SAN FRANCISCO (MarketWatch) -- Gold futures rose as much as $5 an ounce Monday as higher crude-oil prices and Iran's continuing standoff over its nuclear program boosted the metal's safe-haven allure. Gold for April delivery was up $2.50 at $689.20 an ounce on the New York Mercantile Exchange, after peaking at $691.80. On Friday, the contract touched a seven-month intraday high of $691.90 before closing up $3.70 at $686.70 an ounce, a gain...