Gold Tuesday rose 1.3 percent, the most in more than three weeks. Singapore’s government Wednesday raised the forecast for full-year economic growth to as much as 15 percent, while Intel Corp. reported record second-quarter sales and topped analysts’ estimates with its forecast for the coming period. Most European stocks rose and U.S. index futures rallied. Asian shares gained.

Improving economic data and news “limits gold prices to trade higher,” said Bayram Dincer, an analyst at LGT Capital Management in Pfaeffikon, Switzerland.

Gold for immediate delivery added 55 cents to US$1,212.90 an ounce at 10:03 a.m. in London. Prices gained as much as 0.2 percent and fell as much as 0.1 percent Wednesday. Bullion for August delivery was 0.1 percent lower at US$1,212.60 on the Comex in New York.

Silver for immediate delivery in London was little changed at US$18.2475 an ounce. Platinum added 0.1 percent to US$1,528 an ounce, and palladium was up 0.5 percent at US$466.38 an ounce.

Similar Posts:

• Stock futures point to gains; gold hits new high
• Oil above US$106 on Middle East conflict
• TSX ends short trading week with 4.25% gain
• Oil drops below US$75 a barrel
• Oil holds above US$87 a barrel in Asia