GOLD - BEST MONTH SINCE JANUARY 2012 Gold headed for the longest - TopicsExpress

GOLD - BEST MONTH SINCE JANUARY 2012 Gold headed for the longest weekly rally since March as U.S. economic data backed the case for sustained monetary stimulus. Russia and Kazakhstan added bullion to reserves for a ninth month in June. Spot gold gained as much as 0.3 percent to $1,338.50 an ounce, and traded at $1,334.55 at 9:00 a.m. in Singapore. Prices are 3 percent higher this week after advancing to a one-month high of $1,348.65 on July 24. Volumes for Shanghai’s benchmark spot bullion contract climbed to a one-week high of 14,618 kilograms yesterday. Gold is up 8.1 percent in July, heading for the best month since January 2012

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