Gold headed for best month since August on Libya unrest

28 February 2011  Reuters

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Spot gold inched up on Monday, heading for its best month since last August, boosted by fears over the deteriorating situation in Libya and spreading violence in the region, supported by rising oil prices.

In Libya, armed rebels who have seized control of Zawiyah, close to the capital Tripoli, were preparing for a counterattack as leader Muammar Gaddafi vowed to cling on to his 41-year-old rule.

http://www.reuters.com/article/2011/02/28/us-markets-precious-idUSTRE71G2KM20110228