Gold Tops $1,910 for First Time as Platinum Reaches 3-Year High
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Gold advanced to an all-time high above $1,910 as investors sought to protect their wealth against financial turmoil amid speculation that the global economy is slowing. Platinum gained to the highest in more than three years.
Bullion for immediate delivery rose as much as 0.8 percent to $1,913.50 an ounce before trading at $1,901.23 an ounce at 2:06 p.m. in Singapore. The metal is up 16.8 percent in August, heading for its best monthly performance since September 1999. Silver gained to the most expensive in more than three months.