Gold advances after U.S. retail data

Source: Bloomberg
© Scanpix/Reuters
Gold advanced as retail sales in the U.S. increased less than projected in June, fueling speculation the Fed will continue monetary stimulus to support growth of the economy. Gold futures for August settlement gained 0.6% to $1,284.80 an ounce as of 10:11 a.m. on the Comex in New York. While silver futures for September delivery added 0.3% to $19.85 an ounce after the last week's jump of 5.6%

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