Precious Metals Advance as Allies Attack Libyan Targets, Driving Energy Costs Higher

Bloomberg reports gold and other precious metals including palladium climbed for a fourth straight session in New York after military action in Libya increased investor demands for a safe haven.

The article is quoted as saying,

Palladium futures for June delivery rose $10.80, or 1.5 percent, to $742 an ounce on the New York Mercantile Exchange. Platinum futures for April delivery advanced $14.90, or 0.9 percent, to $1,738.30 an ounce on the Nymex.

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