Gold Advances to Six-Week High on Signs of Faltering Recovery
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Gold prices rose to a six-week high on signs the global economy is faltering, boosting demand for the metal as a protector of wealth.
Japan’s economy grew at less than a fifth of the pace economists estimated last quarter, pushing it into third place behind the U.S. and China. Manufacturing in the New York region expanded less than forecast in August, a report showed today. Gold prices have gained for two straight weeks on demand for the metal as a haven.