Gold May Advance on Demand for Alternative to Weak Currencies

1 April 2010  Bloomberg.com

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Gold, trading little changed, may climb for a second day as investors seek an alternative to declining currencies.

Bullion for immediate delivery rose as much as 0.2 percent to $1,115.50 an ounce, and traded at $1,113.40 by 2:04 p.m. in Singapore. Gold jumped to $1,118.38 an ounce yesterday, the highest in almost two weeks, capping a sixth quarterly gain.

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