13
August
Gold Set for Second Weekly Gain as Signs of Slowing Economy Spark Interest
13 August 2010 Bloomberg.com
Gold is set for its second weekly advance as growing concern that the global economic recovery may be in jeopardy helps rekindle investor interest in safer assets.
Gold for immediate delivery gained 0.3 percent to $1,217 an ounce at 1:45 p.m. in Singapore, after jumping 1.3 percent yesterday, the most since June 17. The metal rose 1 percent this week. December-delivery futures climbed 0.2 percent to $1,216.90.
