12
March
Gold Advances to Pare Worst Weekly Performance in Seven Weeks
12 March 2010 Business Week
Gold gained for a second day, paring the biggest weekly decline in seven weeks, as the dollar weakened after concerns about Greece’s budget deficit abated.
Gold for immediate delivery rose as much as 0.4 percent to $1,113.80 an ounce, before trading at $1,112.33 at 2:01 p.m. in Singapore. Bullion has slipped 2 percent this week, the most since the week ending Jan. 22, as demand for a hedge against depreciating currencies slowed after the euro rebounded.
