Gold edges higher on Libya unrest concerns

Gold futures on the COMEX Division of the New York Mercantile Exchange edged higher on Monday, as growing unrest in Libya continued to boost demands for safe-haven investment.

The market news is quoted as saying:

“Traders continue to monitor the chaos in North Africa and the Middle-east,”said Mike Daley, a senior gold analyst with Chicago- based PFGBEST, “Traders and investors alike are concerned that the disruption in Libya’s oil supply will send crude oil prices skyrocketing further.”

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