3
March
Gold hits record high in flight to safety from Libyan unrest
3 March 2011 The Telegraph
Violence in the region has cooled appetite for assets seen as higher risk, like shares, and boosted so-called safe havens like German government bonds, the Swiss franc and gold.
Stock markets fell in Asia, Europe, the Middle East and America as spot gold hit $1,436.40 and benchmark West Texas crude oil for April delivery rose to $100.57 in New York. Brent crude in London rose back towards $116 a barrel.
