Gold Futures Advance, Cap Biggest Monthly Gain in 22 Months
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Gold rose in New York, capping the biggest monthly gain since November 2009, on speculation that the Federal Reserve will take more action to spur growth.
Minutes released yesterday from the Fed’s meeting earlier this month showed some policy makers favored more aggressive action to stimulate growth. The Dow Jones Industrial Average rose as much as 1.3 percent to the highest in almost four weeks, erasing its 2011 loss. Gold is up 12 percent this month after touching an all-time high of $1,917.90 an ounce on Aug. 23.