(Updated from 12:48 p.m. with settle prices.)
NEW YORK (TheStreet) -- Gold prices climbed Friday as investors looked to the precious metal as a safe haven ahead of Greece's unpredictable elections.
Gold for August delivery settled up $8.50 at $1,628.10 an ounce at the Comex division of the New York Mercantile Exchange. It traded as high as $1,635.40 and as low as $1,620.40 during the session, while the spot price jumped $4, according to Kitco.com.
"Gold investors in the euro zone rushed to add to positions prior to Sunday as Greece elections start at 7 a.m. for 12 hours, and gold is liquid, portable and convertible into any currency," George Gero, precious metals strategist at RBC Capital Markets, wrote in a Friday note. "Therefore, it's desired by investors as a haven for whatever transpires this weekend."
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