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Gold Advances as Deutsche Bank Concerns Stoke Demand for Haven

  • Silver advances 0.9 percent as sentiment lifts precious metals
  • Palladium is up 20 percent in third quarter, most since 2010
Updated on

Gold gained on the final day of the quarter as rising investor anxiety over Deutsche Bank AG’s finances spurred a selloff in equities and helped to underpin demand for a haven.

Bullion for immediate delivery rose 0.5 percent to $1,326.34 an ounce by 11:27 a.m. in London, according to Bloomberg generic pricing. That’s the first gain in four days and pares the metal’s decline this week to 0.9 percent.