Print Print edition: 2011-03-02

Gold up in Asia

Published Updated

Spot gold edged up on Tuesday as escalating unrest in Libya and the Middle East supported safe-haven demand, though holdings in the biggest gold-backed exchange-traded fund fell to the lowest level in more than nine months. Spot gold edged up 0.3 percent at $1,414.66 an ounce by 0642 GMT, pushing for a third straight day of gains. It had been moving in a narrow range of just below $6.
The most active US gold futures contract edged down 0.4 percent at $1,415.40.