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.
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