Gold Futures Climb as Much as 1.1% to Highest Since May 2

Gold for December delivery climbed as much as 1.1 percent to $1,658.90 an ounce, the highest since May 2, and traded at $1,657.80 at 8:10 a.m. in Singapore. Bullion for immediate delivery rose 0.1 percent to $1,656.70 an ounce, also the most expensive since May 2.

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

To contact the editor responsible for this story: Ovais Subhani at osubhani@bloomberg.net