Gold for immediate delivery gained 0.2 percent to $1,665.75 an ounce at 9:09 a.m. Melbourne time, while bullion for April delivery in New York advanced 0.2 percent to $1,665.60 an ounce. Futures advanced the most in four weeks on March 23 on speculation that investors will buy more bullion as an alternative to the slumping dollar. Silver for May delivery rose 0.2 percent to $32.335 an ounce.

To contact the reporter on this story: Phoebe Sedgman in Melbourne atpsedgman2@bloomberg.net

To contact the editor responsible for this story: Soraya Permatasari at soraya@bloomberg.net

http://www.bloomberg.com/news/2012-03-25/spot-gold-futures-advance-after-weekly-gain-silver-climbs.html

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