Gold Trades Near Two-Week High on Stimulus, Rising Asian Demand
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Gold traded near the highest level in almost two weeks on prospects for additional stimulus from central banks in Europe and Japan and signs of increased physical demand in Asia.
Spot gold traded at $1,593.45 an ounce at 2:29 p.m. in Singapore from $1,592.80 yesterday, when it climbed to $1,598.80, the highest intraday price since Feb. 28. Gold for April delivery was little changed at $1,591.90 an ounce on the Comex after four days of gains, the best run since August.