Gold prices surged to a new record high this evening, driven by the search for safe havens amid violent unrest in Libya, and as the dollar fell against major rival currencies.
Gold leapt to $1,440.32 per ounce on the London Bullion Market, beating the previous high of $1,434.93 that was struck late last night.
Silver, meanwhile, soared to $34.98 an ounce, the highest level in 30 years.
The precious metals draw strength in times of geopolitical turmoil because they are regarded by many investors as a safe haven.
