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Gold Advances to Four-Week High on Haven Demand as Silver Rises
Gold climbed to the highest level in almost four weeks as concern that global growth is slowing stoked bets the U.S. Federal Reserve may push back interest-rate increases, boosting demand for a store of wealth. Gold for immediate delivery advanced as much as 1 percent to $1,235.01 an ounce, the highest price since Sept. 17, and was at $1,233.98 at 10:31 a.m. in Singapore, according to Bloomberg generic pricing. Silver, platinum and palladium all increased at least 0.8 percent. Bullion rose 2.7 percent last week for the biggest gain since the period to June 20 as the Bloomberg Dollar Spot Index snapped a seven-week ... (full story)
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