Precious Metals

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.

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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