Gold Posts Longest Rally Since 2012 on Interest-Rate Outlook
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Gold capped the longest rally since August 2012 as signs of sputtering U.S. economic expansion fueled bets that interest rates will stay low for longer.
Spot prices climbed for the sixth straight session, rising every day since Federal Reserve policy makers cut their projections for growth and suggested they aren’t in a hurry to raise borrowing costs. Higher rates usually send investors to assets with better yield prospects such as equities and bonds.