Gold Pares Worst Weekly Loss in a Month as Commodities Advance
This article is for subscribers only.
Gold gained for the first time in five days, trimming its worst weekly performance in a month, as optimism that European leaders have a plan to fight the region’s debt crisis drove commodities higher.
Bullion for immediate delivery advanced as much as 0.6 percent to $1,630.30 an ounce and traded at $1,625.88 at 2:55 p.m. in Singapore. The metal is down 3.3 percent this week, the biggest drop since the week ending Sept. 23. December-delivery gold also gained for the first day in five, climbing as much as