(RTTNews) - The price of gold moved up Friday morning as the unrest in Middle-East and Japan's nuclear crisis boosted demand for precious metals as an alternate investment.
Gold for April delivery, the most actively traded contract, was up $10.90 to $1,415.10 an ounce. Yesterday, gold moved back above $1,400 amid a weak U.S. dollar.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,217.30 tons.
Meanwhile, the U.S. dollar bounced back against the yen after Japan bought billions of dollars to restrain its soaring currency. The buck slipped back to a fresh 4-month low versus the euro, while trading flat against the Swiss franc and sterling.
Elsewhere, the prices of silver and platinum were ticking higher in morning deals.
