(Bloomberg) -- Gold and silver gained in Asia on
speculation that rising energy costs will boost demand for the
precious metal as a hedge against inflation.
Crude oil in New York traded near 10-month high after
rising yesterday on concern unrest in Nigeria may curb shipments
and breakdowns at U.S. refineries may slow fuel production. Some
investors buy gold to hedge against accelerating consumer prices.
Read more at Bloomberg Commodities News
speculation that rising energy costs will boost demand for the
precious metal as a hedge against inflation.
Crude oil in New York traded near 10-month high after
rising yesterday on concern unrest in Nigeria may curb shipments
and breakdowns at U.S. refineries may slow fuel production. Some
investors buy gold to hedge against accelerating consumer prices.
Read more at Bloomberg Commodities News
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