Gold Climbs for Fifth Session Amid Middle East, Libya Tensions
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Gold rose in New York for the fifth straight session as tensions in the Middle East and Libya boosted demand for an investment haven.
The U.S. said attacks on Libya will ease in the following days. Yemen’s president warned defecting generals they risk dragging the country into a “bloody civil war.” Gold touched a record $1,445.70 an ounce on March 7 as protests ousted leaders in Egypt and Tunisia and spread throughout the region.