Gold advances to one-month high

Source: Bloomberg
© Scanpix/Reuters
Gold advanced to a one-month high after the greenback's retreat and yellow metal's rise above $1,320 an ounce boosted its demand. Bullion has increased 4.2% from the lowest level in three weeks, when it traded at $1,273.02 an ounce on August 7. The metal for immediate delivery climbed 1.5% to $1,333.94, the highest level since July 31, and traded at $1,326.95 as of 9:35 a.m. London time.

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