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Gold May Rise, Extend Fourth Weekly Advance as Libyan Unrest Spurs Demand
Feb. 25, 2011 12:19PM PST
Precious MetalsBloomberg reports that as unrest in Libya spurs demand for the metal as an alternative investment, gold could continue to rise in London, extending the fourth consecutive weekly advance.
Bloomberg reports that as unrest in Libya spurs demand for the metal as an alternative investment, gold could continue to rise in London, extending the fourth consecutive weekly advance.
The market news is quoted as saying:
“As protests in Libya intensify, we expect gold and silver to be underpinned by flight-to-safety demand,” James Moore, an analyst at TheBullionDesk.com in London, said today in a report.
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