Gold prolongs advance from seven-week low

Source: Bloomberg
© Scanpix/Reuters
Gold prolongs its gain from the lowest level in seven weeks on speculation that metal's physical demand will increase. The yellow metal for immediate delivery added 0.3% to $1,293.36 an ounce at 2:26 p.m. Singapore time, after rising 0.9% on Wednesday. Gold for June delivery climbed 0.2% to $1,293.30 an ounce in New York, after snapping a five-day decline.
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