Economics
Gold Gains Toward Record in London on Economic Growth Concern
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Gold gained for a second day in London and climbed toward a record as concern about slowing growth spurred demand for the metal as a protection of wealth.
President Barack Obama yesterday proposed a $447 billion plan to create jobs and boost the U.S. economy, while Federal Reserve Chairman Ben S. Bernanke said policy makers will discuss the tools they may need to use to aid the recovery at their meeting this month. European equities fell today after the European Central Bank yesterday cut its growth forecasts for this year and next.