Wed, 02 Apr 2014 08:24:03 GMT
Gold bounces off after decline to lowest level in seven weeks
Gold halted its declines for two straight days, after the prices reached the lowest level in seven weeks, encouraging investors to buy the bullion on signs of increasing physical demand in China. Gold for immediate delivery gained 0.4% to $1,284.58 an ounce and was at 1,284.23 as of 2:48 p.m. Singapore time. Bullion for June delivery advanced 0.4% to $1,284.50