Gold futures rose from the lowest in almost two weeks on bets that demand for the precious metal as a store of value will increase in Asia, the world’s top consumer.
China approved two domestic exchange-traded products backed by the metal, and Deutsche Bank AG started a gold-storage facility in Singapore with a capacity to hold as much as 200 metric tons, its largest vault outside London. The dollar pared gains of as much as 0.5 percent against a basket of major currencies to trade little changed.
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