 "Gold rises for second day on gain in SPDR as dollar falls")
Gold today rose for a second day as dollar weakness and buying of exchange-traded products signaled demand for precious metals.
Silver, platinum and palladium advanced.
Gold climbed 0.8 per cent to 1,403.74 dollar an ounce and silver gained 0.8 per cent to 22.68 dollar an ounce.
Gold has dropped 5 per cent this month as the dollar index advanced 2.1 per cent.
The metal has dropped 16 per cent this year and entered a bear market last month as the US Dollar Index strengthened 4.6 per cent and the MSCI All-Country World Index rallied 9 per cent.
Silver, platinum and palladium advanced.
Gold climbed 0.8 per cent to 1,403.74 dollar an ounce and silver gained 0.8 per cent to 22.68 dollar an ounce.
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The dollar fell for a second day against a six-currency basket. Assets in the SPDR Gold Trust, the biggest gold ETP, expanded yesterday for the first time since May 9.
Gold has dropped 5 per cent this month as the dollar index advanced 2.1 per cent.
The metal has dropped 16 per cent this year and entered a bear market last month as the US Dollar Index strengthened 4.6 per cent and the MSCI All-Country World Index rallied 9 per cent.