Gold extends gains to 25-yr high on Iran, dollar

[lovuian]

TOKYO (Reuters) - Gold extended its gains on Monday after powering to a fresh 25-year high in New York as mounting tension over Iran's nuclear program induced buying of the metal for safe-haven purposes.

Sentiment was bullish as near-record prices for oil and base metals, along with a sharp fall in the dollar against the euro, fueled aggressive investor buying in gold.

"Gold is in a strong uptrend. The biggest factor now is growing geopolitical tensions because of Iran," said Shuji Sugata, assistant manager at Mitsubishi Corp Futures and Securities Ltd.


"It's important that gold broke through $650, but the rise was a bit too
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Up Up And away!!!

[veganwitch]

1. link please? /eom

[termo]

2. link

http://today.reuters.com/business/newsarticle.aspx?type=tnBusinessNews&storyID=nT145079&imageid=&cap=
it may have been updated, there are some changes.