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Gold May Advance as Slowdown, Greece Debt Turmoil Spur Demand

Gold may advance for a second day to near a one-month high as data pointing to an economic slowdown and prolonged debt turmoil in Greece spurred demand for the metal as a store of value.

Immediate-delivery gold rose as much as 0.2 percent to $1,543.55 an ounce before trading at $1,540.65 at 2:04 p.m. in Singapore. The metal reached $1,550.20 an ounce yesterday, the highest level since May 3. Cash silver strengthened as much as