Wednesday in Singapore, the precious metal advanced within sight of a 2-month high hit Tuesday, as global equities plummeted and the euro slipped on renewed worries about the health of the global economy.
Spot gold added $3.85 to $1,256.95 by 3:56 GMT after rising as high as $1,259.80 on Tuesday, its strongest since June 28, with investors rattled by a Wall Street Journal report that said "stress tests" published more than a month ago underestimated some lenders' holdings of potentially risky government debt.
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