Precious-metals prices were rallying Monday after a weekend of terrorist activity in the U.K. left the market unnerved.
Benchmark futures contracts for gold bullion were ahead by $5.70 at $656.60 an ounce, while silver was up 15 cents at $12.63 an ounce in recent New York action.
The metals are both seen as safe haven investments during times of geopolitical upheaval and political tension.
Helping to spur the price gains was word that Britain raised its terror alert to critical, the highest level, after a burning car was driven into Glasgow's airport Saturday. The attack came a day after police uncovered two car bombs in London, and both were said to bear the signs of the al-Qaeda terror network.
Despite the success in thwarting the attacks, the situation looks far from over.
A secret report written for the Department of Homeland Security says the terror fanatics are planning a "summer spectacular," according to a report on the Web site of ABC News. The content of the memo is said to be "reminiscent" of similar warnings made in the summer of 2001 before the infamous attacks that destroyed the World Trade Center in September of that year. TheStreet.com
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