10
March
Gold rises on rebounding oil; silver ETF at record
10 March 2011 Reuters
Gold tracked oil higher on Thursday as
investors waited to see if the international community would agree to a "no-fly"
zone for Libya, while holdings in the world's largest silver exchange-traded
fund struck a record high, reflecting greater interest in the cheaper precious
metal.
Bullion traders remain focused on mounting unrest across the Arab world and
renewed concern about euro zone debt -- factors that sent prices to an all-time
high above $1,440 this week. Platinum and palladium were firmer but falling
equities were likely to weigh on sentiment.
http://af.reuters.com/article/commoditiesNews/idAFL3E7EA0U820110310
