Gold Tops $1,400, Silver Surges to 30-Year High on Haven Demand
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Gold topped $1,400 an ounce in New York and silver surged to the highest in 30 years as unrest in the Middle East boosted demand for precious metals as a haven.
The Libyan government attacked protesters, and rebels claimed control of the second-biggest city, Benghazi. Tens of thousands of Bahraini protesters marched in the capital demanding democracy. Gold has rallied 26 percent in the past year, while silver doubled.