Thursday, 14 April 2011

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Gold Advances for Second Straight Day as Demand Mounts for Inflation Hedge

  • Thursday, 14 April 2011
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  • Gold rose the most in a week on speculation that higher raw-material costs and record-lowinterest rates will spur demand for an inflation hedge. Silver had the biggest gain this year. U.S. wholesale costs increased 0.7 percent in March, led by surging energy, the government said. Compared with a year earlier, prices climbed 5.8 percent. Gold has gained 27 percent in the past year, reaching a



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