(Bloomberg) -- Gold gained in Asia amid speculation
a rise in energy costs will boost demand for the precious metal
as a hedge against inflation. Silver was little changed.
Gold, headed for its second weekly gain in six, usually
moves in the same direction as crude oil, which traded near a
nine-month high in New York as a drop in U.S. refinery processing
raised concerns about supplies. Oil yesterday rose 2.1 percent.
Read more at Bloomberg Commodities News
a rise in energy costs will boost demand for the precious metal
as a hedge against inflation. Silver was little changed.
Gold, headed for its second weekly gain in six, usually
moves in the same direction as crude oil, which traded near a
nine-month high in New York as a drop in U.S. refinery processing
raised concerns about supplies. Oil yesterday rose 2.1 percent.
Read more at Bloomberg Commodities News
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