Gold Rises as Protests in Arab World Spurs Safe-Haven Demand

- February 16th, 2011

Commodities and Futures reports that gold prices rose yesterday as anti-government protests in the Middle East increased.

Commodities and Futures reports that gold prices rose yesterday as anti-government protests in the Middle East increased.

The market news is quoted as saying:

Protests in Egypt spread to other Arab countries such as Bahrain and Yemen, as well as Persian Iran. Geopolitical tensions traditionally push gold prices higher and this probably is a reason for the metal’s strength these 2 days. We believe, if the tensions persist and/or spread to other Middle East countries, oil prices will soar as the region holds most of the world’s oil reserve.

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