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By Bloomberg

Gold rose for a third day as the dollar weakened. Silver advanced as investors added cash to exchange- traded funds for a sixth day, the longest stretch since 2013.

The Bloomberg Dollar Spot Index slid 0.5 percent, extending this week’s retreat after President Barack Obama on Monday denied expressing concern about the currency’s strength in private conversations at a Group of Seven summit. Speculation that Greece will ultimately leave the euro is also boosting demand for gold, Commerzbank AG wrote in a report.

Gold is recovering after last week’s slump to a two-month low after a better-than-expected U.S. jobs report bolstered the case for the Federal Reserve to raise U.S. interest rates. Greek Prime Minister Alexis Tsipras plans to meet the leaders of the euro area’s two biggest economies in Brussels on Wednesday.

“A cheaper dollar is one of the factors supporting gold prices at the moment,” Jens Pedersen, a senior analyst at Danske Bank A/S, said by phone from Copenhagen. “We are also seeing some overall uncertainty from the Greek debt negotiations feeding into gold.”

Bullion for August delivery rose 0.7 percent to $1,185.70 an ounce by 7:17 a.m. on the Comex in New York. The metal is up 1.5 percent this week. Gold for immediate delivery increased 0.8 percent to $1,186.48 in London trading, according to Bloomberg generic pricing.

Silver for July delivery climbed 0.9 percent to $16.10 an ounce, ending a five-day run of losses. Holdings in exchange- traded products backed by the metal have risen 1 percent to 19,336.9 tons since June 1, data compiled by Bloomberg as of Tuesday showed.

Platinum for July delivery rose 0.6 percent to $1,115 an ounce. Palladium for September added 1 percent to $747.10 an ounce, following an eight-session run of declines.