Gold advances on uncertain outlook

Gold advanced for the second day in Asia after crude oil gained boosting the appeal of the precious metal as an inflation hedge. Gold also rose on expectations the dollar may fall against the euro for a second day, increasing the appeal of bullion as a haven. Oil rose as much as 0.9 percent today. ``Gold is often viewed as a hedge against inflation and exchange rate movements,'' Michael Widmer, an analyst at Lehman Brothers Holdings Inc., said in a report e-mailed today. ``Movements of oil prices are an important determinant of inflation.'' Gold currently trading at $930.70 as 8:42 am, GMT.