Prices rose as high as $ 1,445.50 an ounce, $ 3.10 gold hit a record intraday high of $ 24 1,448.60 in March.

Reports that China tighten interest rates were under control to manage the gold, because it is limited, it is necessary to keep the precious metal to ensure inflation.
Read more about China’s central bank move.

Gold got a boost, but the decline in service-sector gauge, and a proposed budget plan, Republicans in the House of Representatives.

Institute of Supply Management-sector index fell to 57.3% in March from 59.7% in February, a private group said Tuesday. Economists surveyed expected the ISM index MarketWatch services by 59%.
More on ISM services.

The House Republican plan would have reduced government expenditure, 6200000000000 dollars for 10 years. Is expected to face stiff opposition, however.
Read more about the GOP spending plan.

Libya to fight for the key oil city of Brega rebels continue to suffer defeat after troops shelled loyal to Colonel Moammar Gadhafi.

The Libyan government is willing to negotiate the reforms could be included in the election or referendum, but after the resignation of embattled Gaddafi is not an option, according to media reports Tuesday, citing the government spokesman.

Demonstrations in Algeria and Yemen, also shook the markets.

At the same silver posted gains after some earlier weakness.

Silver May delivery
/ quotes/comstock/21e! F1: the K11
( SIK11
3896
46.60
1.21% )
, which has 2% from the previous session to Settle 31-year high, gained 43 cents, or 1.1% to $ 38.94 an ounce.

Strong demand ‘investors’ is currently a major impetus to the price of silver. And when you realize how fast it went up, it’s the same danger of overheating and subsequent correction in progress. Now we see very little left to rise much further, even though the short-wave likely over $ 40, “Commerzbank analysts said in a note to clients.

Silver has been riding the waves of life in industrial demand and investment demand, and that is “hot favorite” among the noble metals this year, they added.

Silver gained more than 23% so far this year, compared with 0.8% gold.

The world’s largest exchange-traded fund in support of silver, iShares Silver Trust
/ quotes/comstock/13 *! SLV / loans / nls / SLV
( SFC
37.98
0.40
1.06% )
, announced Monday it increased its share to 23 tons and 11,162 tons.

Other metals attached to the boom in May as copper
/ quotes/comstock/21e! F1: HG K11
( HGK11
428.20
2.70
0.63% )
to a penny, or 0.3% to $ 4.27 a pound.
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Claudio Assis, the San Francisco-based MarketWatch editor.