Comex Gold Moves higher on Iran Issue

Comex gold pushed off lows to close higher as geopolitical tensions added to the metal's safe haven status.
Traders say buyers quickly moved in after a weak open and took the metal to a session high of $665.30 an ounce.
The contract closed $5.40 higher at $662.70.
A weak dollar and firm energy prices also played a role in the gains on the day.
The main news of the session was increasing tensions between the U.S. and Iran.
Comments that if the U.S. were to attack Iran, the country would respond by striking U.S. interests all over the world.
The comments by Iranian supreme leader Ayatollah Ali Khamenei came the same day that another top official, Iran's ambassador to the U.N., Javad Zarif, warned in a column in The New York Times that efforts to isolate Iran would simply backfire on the U.S., increasing sectarian tensions in the volatile Middle East, including Iraq.