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New York, world celebrate 2011

NEW YORK (AP) -- Nearly a million revelers crowded New York's Time Square to witness the traditional dazzling ball drop, fireworks lit up Australia's Sydney Harbor and communist Vietnam held a rare Western-style countdown to the new year as the world ushered in 2011.

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Yen rises against the U.S. dollar; Gold reaches $5,100 an ounce

Gold gained 2% to nearly $5,100 an ounce, while silver jumped 6.4% to about $108 per ounce. The value of precious metals has surged in recent months as investors sought relatively safe places to invest.

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