Abenomics Gives Gold a Boost, Extending Best Rally in Six Weeks
- Japan’s cabinet Tuesday approves spending-and-lending package
- Platinum at highest in year, palladium near October peak
Will the Price of Gold Continue to Rise?
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Gold is getting another boost, this time from Japan Prime Minister Shinzo Abe.
Prices are headed for the longest rally in more than six weeks after Japan’s cabinet Tuesday approved a spending-and-lending package, including 4.6 trillion yen in outlays this year. The dollar also weakened, boosting the appeal of the metal as an alternative investment.