Summary Box: Silver, gold gain on global events

AP News
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Posted: Mar 23, 2011 3:51 PM
Summary Box: Silver, gold gain on global events

SEEKING SAFETY: Silver and gold prices rose as fast-changing events from Portugal's financial problems to uprisings in the Middle East and North Africa prompted investors to seek more stable assets.

REBUILDING JAPAN: Metals used for manufacturing settled higher on expectations that demand may rise from Japan as it rebuilds from the March 11 earthquake and tsunami. Investors also are hoping demand will remain robust in emerging markets such as China.

ENERGY APPETITE: Oil and gasoline prices rose after the government said gasoline demand grew stronger despite a sharp increase in prices at the pump.