Economics
Gold May Advance as Growth Concerns Spur Demand, Survey Shows
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Gold may gain toward a record set this week as concern about economic growth spurs demand for the metal as a protection of wealth, a survey found.
Twenty-two of 26 traders, investors and analysts surveyed by Bloomberg, or 85 percent, said bullion will rise next week. Two predicted a drop and two were neutral. Gold for December delivery was down 1 percent for this week at $1,857.40 an ounce by 11:42 a.m. yesterday on the Comex in New York after reaching an all-time high of $1,923.70 on Sept. 6.