Reports in China indicate a growing unease as the nation attempted to prevent the distribution of news so as to mollify tensions before they spill over into active street demonstrations. Libyan security forces attacked anti-government protestors, who have seized control of the North African country's second-largest city.
Shortly before 1:15 p.m., gold futures were up 1.33 percent, an $18.40 increase to $1,407 per troy ounce. Silver futures also were up as they notched a 4.87 percent rise equal to $1.574 to $33.87 per troy ounce.
Demonstrations in Libya are escalating and becoming serious enough to the extent the son of leader Muammar Qaddafi, who seized power 40-plus years ago during a military coup, announced that protestors run the risk of igniting a civil war if they do not commit to open discussions.
Following successful protests that sacked leaders in Algeria and Egypt, protestors are coming on strong in Djibouti, Iran, Yemen and Bahrain while eyes also are trained on how China handles the unrest.
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