Gold Near Two-Week High

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Jhon Kumar
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Gold Near Two-Week High

Post by Jhon Kumar » Thu Jun 12, 2014 1:35 am

Gold held near the highest level in two weeks as a rally in equities faltered, boosting demand for alternative investments. Palladium rose toward a 13-year high. Gold for immediate delivery was at $1,260.83 an ounce by 2:18 p.m. in Singapore from $1,261.07 yesterday, according to Bloomberg generic pricing. The metal yesterday climbed to $1,265.32, the highest level since May 28, as the Dow Jones Industrial Average halted a five-day advance after the World Bank cut its forecast for global growth.

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