Gold was little changed after advancing to the highest level in more than a week as investors increased holdings in exchange-traded products to a record. Silver traded near a one-month high. Spot gold was at $1,727.65 an ounce at 10:13 a.m. in Singapore after reaching $1,735.71 yesterday, the most expensive since Nov. 12. Holdings in ETPs backed by bullion rose to 2,604.933 metric tons yesterday, data compiled by Bloomberg show. Silver traded at $33.15 an ounce, near $33.255 yesterday, which was the most expensive since Oct. 18. Gold has advanced 11 percent this year as central banks joined investors in adding bullion to diversify assets. The U.S. Mint sold 63,000 ounces of gold coins so far in November, exceeding the 59,000 ounces for all of October, according to figures on the Mint’s website. At that pace, total sales for the month would be 101,769 ounces, up 148 percent from a year earlier. Central banks added 373.9 tons to reserves by the third quarter of this year, the World Gold Council said. “Market participants have been buying gold as the U.S. stimulatory and low interest rate environment has been supportive,� Mark Pervan, analyst at Australia & New Zealand Banking Group Ltd., wrote in a report today. “Gold prices should continue to rise on the basis of healthy physical and investment demand, especially from China, as well as the longer term trend of central bank purchases.� Gold for December delivery gained 0.2 percent to $1,727.60 an ounce on the Comex in New York. The dollar was little changed against a six-currency basket including the euro and yen as European finance ministers continued to work toward an agreement on extra financing for Greece, while Japan posted a trade deficit for a fourth-straight month. Spot platinum rose 0.3 percent to $1,578.50 an ounce and palladium gained 0.4 percent to $639 an ounce. To contact the reporter on this story: Glenys Sim in Singapore at gsim4@bloomberg.net To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

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