Gold Climbs for Second Day as Plunge Lures Buyers; Futures Drop
This article is for subscribers only.
Cash gold advanced for a second day on speculation that the biggest slump in three decades will spur increased purchases from investors and consumers. Futures resumed a decline.
Gold for immediate delivery gained as much as 1.1 percent to $1,382.85 an ounce and was at $1,373.35 at 2:19 p.m. in Singapore. Prices touched $1,321.95 yesterday, the lowest since January 2011. Bullion’s 14-day relative strength index was at