18
March
Gold Advances for Second Day as Libya, Bahrain Turmoils Spurs Haven Demand
18 March 2011 Bloomberg.com
Gold rose for a second day in New York as unrest in northern Africa and the Middle East spurred demand for an investment haven.
Libyan leader Muammar Qaddafi’s warplanes dropped bombs around Benghazi, bringing the war to the opposition stronghold for the first time as the United Nations Security Council debates action to protect civilians. Bahrain arrested six opposition leaders as unrest continued to spread, after protests during the past month led to the ouster of regimes in Tunisia and Egypt. Gold rose to a record $1,445.70 an ounce on March 7.
