Pursuits
Gold May Extend Quarterly Gain as Recovery Concern Spurs Demand
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Gold, little changed in London today, may extend its best quarterly advance since the end of 2007 as concern over the economic recovery spurs demand for bullion as a means of protecting wealth.
European equities dropped for a third day after China’s manufacturing growth slowed and Moody’s Investors Service said it may cut Spain’s top credit rating. Gold climbed 12 percent the previous three months, the seventh straight quarterly gain and the longest winning streak since 1979.