Gold Futures Rise Most in Three Weeks on Asian Demand
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Gold futures jumped the most in three weeks on speculation that demand for bars and jewelry will increase in Asia. Platinum posted the biggest gain in more than two months.
The premium to take immediate delivery of gold in China was $23 an ounce today, compared with an average of $16.21 in December and $18.72 for all of last year, data compiled by Bloomberg show. The Reserve Bank of India on Dec. 31 eased some controls on imports. Two days ago, U.S. futures touched $1,181.40, the lowest since late June.