Gold Futures Advance in New York as Decline to a 5-Week Low Prompts Buying

Bloomberg reported that gold increased for the second straight session as traders looked for an investment haven.

The market news is quoted as saying:

Gold futures for August delivery rose $10.20, or 0.7 percent, to settle at $1,510.40 at 1:43 p.m. on the Comex in New York. The price gained 0.3 percent yesterday.

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