Wednesday, March 23, 2011

March 23, 2011 Midday Metals Report

Silver, gold gain on fast-changing global events

March-23-2011--Silver and gold prices are climbing as developing crises from Portugal's financial problems

to uprisings in the Middle East are prompting investors to buy more stable assets.

Gold near record, silver tops $37 on safe-haven bid

Silver, Gold Gain on Fast-Changing Global Events

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US homes tumble 16.9%

Sales of new US homes tumble 16.9%

to record low

March-23-2011--WASHINGTON -Sales of new single-family homes collapsed in February, the Commerce Department reported Wednesday, as a combination of high unemployment, tumbling prices and a glut of cheaper alternatives brought activity to a near-standstill.

Video: Buying a New Home Means Paying More; Here's Why

US home sales slump to lowest level since 1960's

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World's Costliest Natural Disaster

Earthquake »
Japan Quake is World's Costliest Natural Disaster
March-23-2011--The Japanese government says the cost of this month's devastating earthquake and tsunami may reach $309 billion, making it the world's most costly natural disaster.
Japan sees quake damage near $310 billion
Asian markets higher as Japanese stocks jump

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Syria unrest continues

Syria »

15 killed in clashes between protesters, security forces in Syria

March-23-2011--Escalating violence between Syrian security forces and anti-government protesters claimed 15 people Wednesday

in the city of Daraa,

witnesses and rights activists said.

"The use of excessive force constitutes a clear violation of international law, which provides for individual criminal responsibility for violations committed," said Rupert Colville,

spokesman for the U.N. Office of the High Commissioner for Human Rights.

Video: Syria unrest continues

Gunfire heard around protest site in Syrian city

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