23
February
Gold edges above $1,400 as Libya tensions simmer
23 February 2011 Reuters
Gold rose above $1,400 an ounce in Europe on Wednesday as simmering tensions in Libya lifted interest in the metal as a haven from risk, but gains were limited by concerns its sharp run higher may have been overdone.
Spot gold was bid at $1,401.50 an ounce at 0933 GMT, against $1,399.20 late in New York on Tuesday. U.S. gold futures for April delivery eased 30 cents an ounce to $1,400.80.
http://www.reuters.com/article/2011/02/23/us-markets-precious-idUSTRE71G2KM20110223
