Gold May Advance on Physical, Investment Demand, Survey Shows
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Gold may gain as physical purchases increase and as investors buy the metal as a means of protecting wealth, a survey found.
Twelve of 27 traders, investors and analysts surveyed by Bloomberg, or 44 percent, said bullion will rise next week. Seven forecast lower prices and eight were neutral. Gold for delivery in August was up 0.8 percent for this week at $1,197.40 an ounce at 4:30 p.m. yesterday on the Comex in New York.