Metals Stocks: Silver near $50-ounce; spot gold hits record

Metals Stocks: Silver near $50-ounce; spot gold hits record

April 25, 2011, 5:24 am

Spot prices for gold climbed to a record at midday in Asia on Monday, extending the metal's recent gains, as reports circulated that China may tap its $3 trillion foreign-exchange reserves stockpile to launch special commodity and forex funds to soak up excessive liquidity.