Gold advances since heaven demand climbs

Source: Bloomberg
© RS
Gold is on the verge of its first monthly gain from August, amid concerns the U.S. economy recovery may lose the intensity and the haven demand that is boosted due to turmoil in developing markets. Bullion for immediate delivery for this morning was at $1,332.61 an ounce in Singapore, compared with yesterday's $1,331.33 number. Prices are at 7% higher this month and touched the highest level in 17 week reaching to $1,345.46 on February 26.

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