Monthly Archives: March, 2011
PRECIOUS-Gold inches of oil, Middle East, Japan eyed
Gold prices edge higher on Tuesday on concerns about inflation caused by high oil prices and increased safe haven appeal amid growing tension in the Middle East following Western powers’ air raids on Libya. Investors also keep an eye on the progress of Japan in averting a full-blown nuclear catastrophe caused by a devastating earthquake [...]
Silver, gold rise as global uncertainty continues
Silver and gold prices rise as investors look for assets relatively stable, while the uncertainty remains about the Middle East and Japan recovery. Silver settled 2.7 percent Monday while gold rose nearly 1 percent. Commodities traders are worried about the global oil supply disruptions due to anti-government clashes in Libya and other parts of the [...]
Precious metals: Gold Gains Amid Libya, Japan Uncertainty
Intensifying battles in Libya and the ongoing nuclear crisis in Japan increased demand for gold as a haven investment Monday. The most actively traded contract for April delivery rose $ 10.30, or 0.7%, to $ 1,426.40 a troy ounce on the Comex division of attention the New York Mercantile Exchange. Thinly traded front-month March also [...]
Workers dealing with oil on coastline in Louisiana
Crews continued working Monday to clean up oil that washed up on Elmer Isle Beach Fourchon and Grand Isle, Louisiana The oil on the beach does not seem related to last year BP spill, the Coast Guard said, or a great sheen spotted in the Gulf over the weekend. The gloss was most likely a [...]