Nectarine-Red Wine Sauce
['1 cup dry red wine', '1 cup sugar', '1/2 cup water', '1 3-inch cinnamon stick', '1 3x1/2-inch strip lemon peel', '1 3x1/2-inch strip orange peel', '3 1/2 cups 1/2-inch cubes nectarines with peel (from 4 to 5 medium)']
Stir first 6 ingredients in medium saucepan over medium heat until sugar dissolves. Increase heat and boil syrup 1 minute. Reduce heat. Add nectarines. Simmer until nectarines are tender but still hold shape, about 10 minutes. Transfer sauce to bowl; cool. DO AHEAD Can be made 1 day ahead. Cover; chill.
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