Gold rises on alleged terror plot in U.K
Gold rose on mounting investor uncertainties sparked by the British police's claim they'd foiled a plot to blow up airliners, and the failure of diplomatic efforts to end the war in Lebanon.
By PTI |
TOKYO: Gold rose on mounting investor uncertainties sparked by the British police's claim they'd foiled a plot to blow up airliners, and the failure of diplomatic efforts to end the war in Lebanon.
Gold rose 5.80 dollar, or 0.9 percent, to 642.05 dollar an ounce. Gold futures for December delivery rose 3.7 dollar, or 0.6 percent, to 649.70 dollar an ounce on the Comex division of the New York Mercantile Exchange.
A U.S.-French draft of a United Nations' resolution to halt fighting between Hezbollah and Israel foundered on Lebanese objections.
Air travel across the Atlantic was delayed today after British police said yesterday they'd thwarted a plan to bomb U.S.-bound airliners. Investors typically buy gold as a haven in times of political tension.
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