Gold notched a new record and silver hit a 31-year high as unrest continued overnight across North Africa and the Middle East. Gold for April delivery was recently up $11.20 or 0.8% at $1,439 an ounce. Silver for May delivery rallied 11 cents or 3% to $37.35 an ounce.
"Instead of looking for a reason to buy gold, no one can find a reason not to buy gold," a senior market strategist with Lind Waldock in the US told MarketWatch.
MKO Price at posting:
20.5¢ Sentiment: None Disclosure: Held
