(Bloomberg) -- Gold advanced in London for the first
time in three days on speculation accelerating energy prices
will spur demand for the precious metal as a hedge against
inflation. Silver declined.
Bullion has climbed 5.4 percent this year as crude oil rose
7.7 percent and demand from jewelers, the biggest gold users,
increased. Oil futures rose as much as 0.5 percent in after-
hours electronic trading on the New York Mercantile Exchange.
Read more at Bloomberg Commodities News
time in three days on speculation accelerating energy prices
will spur demand for the precious metal as a hedge against
inflation. Silver declined.
Bullion has climbed 5.4 percent this year as crude oil rose
7.7 percent and demand from jewelers, the biggest gold users,
increased. Oil futures rose as much as 0.5 percent in after-
hours electronic trading on the New York Mercantile Exchange.
Read more at Bloomberg Commodities News
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