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- Jun 29, 2008
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Just seen a report on the troubles in the middle east as follows:
SILVER PRICES SOAR TO 30-YEAR HIGH AFTER MIDDLE EAST UNREST
Silver has risen to its highest price for more than 30 years as investors exploited the growing upheaval in the Middle East.
Cash silver rose by 1.5 per cent to $33.1425 an oz, its highest price since March 1980, while gold bullion was up its highest level in seven weeks.
'Gold, silver, platinum and palladium are all riding on investor interest against the backdrop of intensifying violence in the Middle East,' said KEB Futures Co trader Hwang Il Doo told Bloomberg.
'I wouldn’t be surprised to see gold rising above $1,500 in the coming month.'
The price rises follow a warning from Gaddafi's son that civil war would jeopardise Libya's oil wealth.
SILVER PRICES SOAR TO 30-YEAR HIGH AFTER MIDDLE EAST UNREST
Silver has risen to its highest price for more than 30 years as investors exploited the growing upheaval in the Middle East.
Cash silver rose by 1.5 per cent to $33.1425 an oz, its highest price since March 1980, while gold bullion was up its highest level in seven weeks.
'Gold, silver, platinum and palladium are all riding on investor interest against the backdrop of intensifying violence in the Middle East,' said KEB Futures Co trader Hwang Il Doo told Bloomberg.
'I wouldn’t be surprised to see gold rising above $1,500 in the coming month.'
The price rises follow a warning from Gaddafi's son that civil war would jeopardise Libya's oil wealth.