Gold, Silver Prices Rise on Demand for Haven, Inflation Hedge
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Gold and silver rose for the third time in four sessions as mounting tension in Libya and higher energy costs boosted demand for precious metals as an investment haven and an inflation hedge.
Muammar Qaddafi stepped up attacks on towns in western Libya that have risen against him. Crude oil in New York gained as much as 0.9 percent before easing. Gold climbed to a record of $1,445.70 an ounce on March 7.