Gold Advances to Three-Week High as Iraq Violence Boosts Demand

Gold climbed to the highest level in almost three weeks, extending a second weekly increase, as escalating violence in Iraq spurred demand for a haven. Silver reached a one-month high, while platinum and palladium rose.Bullion for immediate delivery added as much as 0.5 percent to $1,282.98 an ounce, the highest level since May 27, and was at $1,282.02 by 11:54 a.m. in Singapore, according to Bloomberg generic pricing. The metal gained...

Yen Approaches Four-Month High Against Euro Amid Iraq Concern

The yen approached the strongest in four months against the euro as increasing violence in Iraq boosted speculation crude oil supplies will be disrupted and bolstered the appeal of haven assets.Japan��s currency rose versus all of its 16 major peers after Iraq��s military attacked Sunni Muslim insurgents who had captured territory north of Baghdad, trying to turn back battlefield advances that threaten to split apart the country. The...

Gold hits 3-week high on Iraq; platinum group metals up

SINGAPORE - Gold hit its highest in nearly three weeks on Monday, as turmoil in Iraq supported the metal's safe-haven appeal, while platinum group metals gained ahead of the outcome of wage talks to end a five-month long strike in South African mines.Spot gold rose 0.1 percent to $1,278.21 an ounce by 0020 GMT, after hitting $1,278.74 earlier in the session �� the highest since late May. Sunni insurgents seized a mainly ethnic Turkmen...

Oil Rises on Iraq Violence as Palladium Jumps; Asian Stocks Drop

Oil rose and palladium led precious metals higher as the escalation of violence in Iraq stoked concern crude supplies will be disrupted and boosted the appeal of haven assets. Asian stocks retreated with U.S. index futures.Brent oil rose 0.5 percent to $113.05 a barrel by 9:50 a.m. in Tokyo as West Texas Intermediate crude added 0.4 percent in a fourth day of gains. Palladium rose 0.9 percent and gold touched an almost three-week high....

Gold Posts Second Weekly Gain as Iraq Violence Sparks Demand

Gold futures capped a second straight weekly gain as escalating violence in Iraq boosted demand for the precious metal as a haven. Silver posted the longest rally in almost four months.Crude oil jumped to the highest in more than eight months on concern that a civil war looms in Iraq, OPEC��s second-biggest producer. Gold gained 6 percent this year, partly because of escalating...