21
February
Gold at 7-week peak on Mideast unrest, silver 31-year high
21 February 2011 Reuters
Gold rose to a seven-week high on Monday as spreading unrest in the Middle East burnished the metal's appeal as a safe-haven asset, while prices of silver and palladium hit historic highs on expectations of growing industrial demand.
Gold added to a weekly gain of nearly 3 percent last week and was poised for further upside on fresh news from North Africa and the Middle East, where revolutions which deposed the presidents of Tunisia and Egypt have inspired protests across the region, threatening the grip of long-entrenched autocratic leaders.
http://www.reuters.com/article/2011/02/21/us-markets-precious-idUSTRE71G2KM20110221
