Gold prices have been rising this week, largely because of concerns over Libya, and its oil production. There have been a few ups and downs in the price, but the trend seems set to continue higher…at least until things calm down in North Africa.
Gold Falls From Highest Price in Seven Weeks; Silver Declines
BusinessWeek
24 (Bloomberg) — Gold fell in New York as the highest prices in seven weeks spur sales by some investors. Silver declined for the first time in a week. The 14-day relative-strength index for gold topped 70 for the second straight day, a signal to some …
Gold adds to gains, rises 0.8% to $1412.50/oz
MarketWatch
By Claudia Assis SAN FRANCISCO (MarketWatch) — Gold futures extended their advance on Wednesday, trading at their highest level -since early January as concerns about Libya and other countries in the Middle East continued to spur safe-haven buying in …
Consumer Confidential: Oil prices are up, gold and silver prices are up …
Los Angeles Times
Gold has climbed above $1400 an ounce to the highest price in almost seven weeks, and silver has reached a 30-year high. Traders spooked by the Mideast unrest are seeking safe harbor in precious metals, which traditionally are seen as a hedge against …
Chinese Buying Of Gold, Silver Exploding
Forbes (blog)
By ROBERT LENZNER China’s Industrial and Commercial Bank(ICBC) reports that purchases of physical gold and gold-related investments are growing at record setting rates. In January alone ICBC sold 7 tons of gold– almost half the 15 tons it sold in all …