Gold Gains Third Time in Four Days on Increased Physical Demand
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Gold futures advanced for the third time in four days on signs of increasing physical purchases.
Tanaka Kikinzoku Kogyo K.K., Japan’s biggest gold retailer, said today its sales rose threefold in the second quarter from the previous three months, as lower prices attracted consumers. There are signs of firming demand from China to Japan, Barclays Plc wrote in a July 15 report. Prices rebounded 9 percent since reaching a 34-month low on June 28 as the decline spurred more buying of coins, bars and jewelry.