On the physical side, silver is also in high demand. Nigel Moffett, head of Treasury at Gold Corp., owner of the Perth Mint, which refines 350 tons of gold and 160 tons of silver a year, says that the big change in precious metal demand in 2011 is strong silver buying from Germany. The most desired item is the Mint's one kilogram silver coin, which sells for $1,116 plus a small premium. "
Reportedly 4 people were killed during an Israeli-Palestinian clash in the Gaza strip. Libya's leader, Gadhafi, seems to be digging in his heels and not ceding ground to U.S. lead airstrikes. Opposition in Yemen is also calling for a rally Friday dubbed "Friday of the March Forward," indicating further unrest in the region. Saudi Arabia is allowing local elections in an attempt to pacify its own citizens, and violence in Syria left six people dead. "Short-term, sentiment is likely to remain mixed and volatile as traders and investors react to developments in the major news issues," says James Moore, research analyst at FastMarkets. "Strong investment demand in Asia should help underpin gold and silver in the coming sessions." Moffatt says gold is still king, however, in China and India, "you have those two slugging it out ... to pick up as much gold as they can." India is more price sensitive than China and it's hard to determine who is buying -- China's central bank or individuals. "But if you look at China as a producer," says Moffatt, "
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