16
March
Gold Advances From One-Month Low as Asian Shares, Crude Recover
16 March 2011 Business Week
Gold advanced, recovering from the lowest level in a month, as Asian equities and oil rebounded after the twin risks of geopolitical tensions in the Middle East and Japan’s strongest earthquake shook investor confidence.
Immediate-delivery bullion rose 0.4 percent to $1,401.63 an ounce at 3:13 p.m. in Singapore, after slumping as much as 3.2 percent to $1,381.22 yesterday, the lowest level since Feb. 17. The April-delivery contract in New York added 0.6 percent.
