(Bloomberg) -- Gold may rise for a second straight week on speculation the Federal Reserve won't raise U.S. interest rates anytime soon, weakening the dollar and boosting the appeal of the precious metal as an alternative.
Seventeen of the 27 traders, investors and analysts surveyed by Bloomberg from Sydney to Chicago on May 3 and May 4 advised buying gold, which rose 1.2 percent to $689.70 an ounce last week on the Comex division of the New York Mercantile Exchange. Five said to sell and five were neutral.
Read more at Bloomberg Commodities News
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