Gold rose to a one-week high, paring a second monthly decline, as the dollar and stocks retreated while holdings in the largest bullion-backed exchange-traded product expanded. Silver, platinum and palladium advanced.
Spot gold gained as much as 1.3 percent to $1,411.27 an ounce, the most expensive since May 22, and was at $1,406.25 at 3:23 p.m. in Singapore, heading for the first back-to-back daily climb in more than three weeks. Prices are still down 4.8 percent this month on speculation that the U.S. Federal Reserve may reduce stimulus as the world’s largest economy recovers.
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