Bloomberg News

Spot Gold, Futures Advance After Weekly Gain; Silver Climbs

March 25, 2012

Gold for immediate delivery gained 0.2 percent to $1,665.75 an ounce at 9:09 a.m. Melbourne time, while bullion for April delivery in New York advanced 0.2 percent to $1,665.60 an ounce. Futures advanced the most in four weeks on March 23 on speculation that investors will buy more bullion as an alternative to the slumping dollar. Silver for May delivery rose 0.2 percent to $32.335 an ounce.

To contact the reporter on this story: Phoebe Sedgman in Melbourne at psedgman2@bloomberg.net

To contact the editor responsible for this story: Soraya Permatasari at soraya@bloomberg.net


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