PRECIOUS-Gold up, silver ETF gains as price near 31-yr high
Reuters
TOKYO, Feb 21 (Reuters) – Gold inched up on Monday, adding to a weekly gain of nearly 3 percent last week as fears over a European debt crisis and growing unrest in the Middle East underpinned investor sentiment. * Spot gold XAU= was steady at $1390.50 …
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Gold Price Surges Amid Turmoil in Libya
GoldAlert
The gold price closed in on $1400 per ounce late Sunday night as violence in Libya helped propel the yellow metal higher. A revolt against Libya’s leader Qaddafi sparked concern that tensions in the region were spreading outside of Egypt and dictators …
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Oil, Gold Gain as Asian Stocks Decline on Middle East Tensions
San Francisco Chronicle
… percent and Korea Zinc Co., which produces gold and silver, rallying 2.7 percent. PetroChina Co. added 1 percent in Shanghai trading after the National Development and Reform Commission boosted gasoline and diesel prices by as much as 4.6 percent.
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MidEast tensions weigh on sentiment
Financial Times
Commodities – Silver has pushed above $33 for the first time in 30 years, riding on gold’s coat tails as the precious metal benefits from industrial and haven demand. Gold is up 0.6 per cent to $1397 an ounce taking the ratio between the gold price and …
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Barrick profit lifted by gold and copper prices
SteelGuru
Quarterly revenue rose 25% to USD 2.95 billion largely driven by a 22% increase in the average realized gold price in the period. Mr Paul Burchell analyst of Dundee Securities said that Barrick’s numbers were generally positive. …
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