LONDON, July 10: Gold rose in Europe on Thursday as investors turned to bullion as a safe haven in the face of rising tension between Iran and the United States and as equity markets fell.

Gold rose to $929.90/930.10 from $926.90/928.10 an ounce late in New York on Wednesday.

One thing pushing the gold price up is the Iran crisis, and the second thing is the off-coming stock prices, said Michael Kempinski, a trader at Commerzbank.

There are probably some funds trying to park money in different areas and so they are probably going for gold at the moment.

The precious metal also took support from news that Iran test-fired more missiles in the Gulf on Thursday, state media reported, a day after drawing Western criticism for testing nine missiles.—Reuters