Gold Extends Rebound From 2014 Low as China Returns From Break
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Gold rose as the drop to this year’s low lured Chinese buyers returning from a weeklong break, while investors awaited minutes of the Federal Reserve’s last meeting. Platinum extended a rally from a five-year low.
Bullion for immediate delivery climbed as much as 0.5 percent to $1,214.85 an ounce, and traded at $1,213.75 by 2:17 p.m. in Singapore, according to Bloomberg generic pricing. The metal dropped on Oct. 6 to $1,183.24, the lowest since Dec. 31. Platinum advanced for a third day as Russia and South Africa prepared to meet to discuss ways to buoy prices.