Gold Tops $1,400 After U.S. Housing Slump Spurs Stimulus Bets

Gold Tops $1,400 After U.S. Housing Slump Spurs Stimulus Bets

Alessia Pierdomenico/Bloomberg

Gold jumped to a 11-week high, topping $1,400 an ounce in spot trading, as sales of new U.S. homes fell more than forecast.