Gold rose, extending gains after the best week in a month, as buying by central banks and signs of increased physical demand countered continued outflows in investor holdings. Silver, platinum and palladium advanced.
Spot gold gained as much as 0.6 percent to $1,395.38 an ounce before trading at $1,394.15 by 6:18 p.m. in Singapore. Prices advanced 2 percent last week, the best showing since the five days to April 26, on speculation the U.S. Federal Reserve will maintain asset purchases and as China manufacturing slowed.
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