Bloomberg News

Gold Futures Gain 0.2% After Decline; Silver Advances 0.4%

April 16, 2012

Gold for June delivery in New York advanced 0.2 percent to $1,653.60 an ounce at 8:06 a.m. in Melbourne, while bullion for immediate delivery was little changed at $1,652.82. Futures declined for a second straight session yesterday as U.S. equities climbed, eroding demand for the precious metal as a safe haven.

Silver for May delivery rose 0.4 percent to $31.485 an ounce.

To contact the reporter on this story: Phoebe Sedgman in Melbourne at

To contact the editor responsible for this story: Soraya Permatasari at

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