Commodities: Gold climbs as concerns about Iran spur buying - Marketplace by Bloomberg - International Herald Tribune: "NEW YORK Gold rose on Wednesday as mounting tension over Iran's nuclear program prompted investors to buy the metal as a haven.
Gold has gained 21 percent since early January, when Iran said it had resumed nuclear research. The United States, Britain and France are pressing for adoption of a United Nations resolution demanding that Iran halt its nuclear program.
'The biggest factor is Iran,' said John Licata, chief investment strategist at Blue Phoenix, an energy and precious- metals consulting company. 'A lot of investors have been buying gold as a safety play.'
Gold for June delivery rose $1.10 to $668.50 an ounce on the Comex division of the New York Mercantile Exchange.
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