Gold gained to the highest level in more than five months as global data strengthened the case for more central-bank measures to boost growth, increasing demand for the metal. Silver climbed to the highest price since April.
Immediate-delivery gold rose as much as 0.3 percent to $1,697.20 an ounce, the most expensive since March 13, and was little changed at $1,694.18 at 2:26 p.m. in Singapore. Assets in gold-backed exchange-traded products, which reached a record 2,460.462 metric tons on Aug. 29, stood at 2,459.963 tons on Aug. 31, according to data tracked by Bloomberg.
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Immediate-delivery gold rose as much as 0.3 percent to $1,697.20 an ounce, the most expensive since March 13, and was little changed at $1,694.18 at 2:26 p.m. in Singapore. Assets in gold-backed exchange-traded products, which reached a record 2,460.462 metric tons on Aug. 29, stood at 2,459.963 tons on Aug. 31, according to data tracked by Bloomberg.
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