EGYPT

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Gold surges to record on Libya, political unrest

Spot gold rallied to a record of $1,432.10 an ounce, surpassing its previous record of $1,430.95 set on December 7, as chaos in Libya and political turmoil in the Arab world prompted safe-haven buying and soaring oil prices boosted bullion's inflation hedge appeal.

Bernanke sees few ripples for U.S. from costly oil

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Federal Reserve Chairman Ben Bernanke offered a fairly upbeat assessment of the U.S. economy on Tuesday, saying the recent surge in oil prices is unlikely to have a major effect on either growth or inflation, as long as higher prices do not become sustained.
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Gold rapidly closes in on all-time high as dollar weakens drastically

Spot gold rose to a session peak at $1,421.35 an ounce and was up 0.6 percent at $1,419.66 an ounce by 1240 GMT. It rose 6 percent in February, its largest monthly rise since August, when the U.S. Federal Reserve first indicated that it would continue the massive money printing by monetizing government bonds.
Anti-government protesters shout slogans during a protest demanding the ouster of Yemen's President Ali Abdullah Saleh outside Sanaa

Protests in Yemen intensify; president blames U.S., Israel

Continuing anti-government protests has brought tens of thousands of people to the capital of Yemen, again demanding the resignation of President Ali Abdullah Saleh, one day after he proposed the formation of a new unity government which would include opposition members.
China to stay a low-key gambler in Middle East

China to stay a low-key gambler in Middle East

Even with Middle Eastern tumult tearing down governments and pushing up oil prices, China will stay a restrained regional player, reluctant to gamble a growing pile of economic chips for uncertain political gains.
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Gold in February with biggest monthly gain since August

Gold was little changed near $1,410 an ounce on Monday but notched its biggest monthly gain since August as chaos in Libya and rising tensions across the Middle East prompted investors to buy the metal as a safe haven. The US dollar lost its status and is at November lows.
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Saudi activists eye protests, wait for new cabinet

Democracy activists in Saudi Arabia say the government is closely monitoring social media to nip in the bud any protests inspired by uprisings that swept Arab countries, toppling leaders in Egypt and Tunisia.
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Conintental stops plans to launch service to Cairo

Continental Airlines, recently bought by United Airlines to form United Continental Holdings Inc , has scrapped plans to launch new service to Cairo, because of declining travel demand to Egypt, which is grappling with political unrest.
Oman's leader Sultan Qaboos bin Said

Oman protests spread, road to port blocked

Demonstrators blocked roads to a main port in northern Oman and looted a nearby supermarket on Monday, part of protests to demand more jobs and political reform that have spread to the sultanate's capital.
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Gold rises above $1,410/oz on Mideast tensions

Gold rose to $1,413 an ounce in Europe on Monday as turmoil in the Middle East region lifted safe-haven buying and fueled a fresh spike in oil prices, stoking concerns over U.S. growth and knocking the dollar.
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Sudan clamps down on election protest

Sudanese riot police and security agents surrounded organisers of a protest against alleged election fraud on Sunday, witnesses said, in the latest sign of a clampdown following uprisings across the Arab world.
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Tunisian prime minister resigns amid protests

Tunisian Prime Minister Mohamed Ghannouchi resigned on Sunday after violent protests over his ties to the North African state's toppled former leader, triggering street celebrations in central Tunis.
Amr Moussa

Egypt's Moussa indicates will run for president

Veteran Egyptian diplomat Amr Moussa said on Sunday he intends to run for president, a post held for three decades by Hosni Mubarak until he was toppled from power by a mass uprising this month.

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