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Treasuries, Gold Gain, Dollar Slips on Fed Bond-Buy Speculation

Treasuries gained, gold surged to a record and the dollar tumbled to a 15-year low against the yen on speculation the Federal Reserve will purchase as much as $1 trillion in bonds to bolster the economy. U.S. stocks declined.

The 10-year Treasury yield slid 9 basis points to 2.67 percent at 4 p.m. in New York. Gold futures surged as much as 2.4 percent to $1,276.50 an ounce, while the Dollar Index, which gauges the U.S. currency against six major trading partners, slumped 0.9 percent and the Swiss franc touched $1 for the first time this year. The Standard & Poor’s 500 Index fell 0.1 percent to 1,121.10, erasing gains of as much as 0.5 percent, as a slump in financial shares offset a rally by technology companies.