Gold fluctuates on Libya, middle East unrest, dollar

Gold fluctuates on Libya, middle East unrest, dollar

Gold fell by USD 1, or 0.1 per cent, to USD 1,425.40 an ounce on the Comex. Prices earlier today gained 0.4 per cent and declined 0.2 per cent. Silver also declined 0.2 per cent to 35.94 dollar an ounce.

Allied forces are expanding their air campaign over Libya in a bid to thwart Muammar Gaddafi's fighters, while Yemen President Ali Abdullah Saleh warned defecting generals that they risk dragging the country into a "bloody civil war".

Radiation leaked into the sea from Japan's crippled nuclear plant as the operator moved closer to restoring power to critical cooling pumps. Gold reached a record USD 1,445.70 an ounce on March 7. Air strikes enabled Libyan rebel forces to push out from their eastern stronghold of Benghazi as France, the UK and allies, including Turkey and the Arab states struggle to agree on whether the North Atlantic Treaty Organisation should guide the operation.

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