Economics
Gold Gains on Speculation of Economic Stimulus Measures
This article is for subscribers only.
Gold rose in New York on speculation that policy makers will take measures to stimulate economic growth as finance ministers and central bank governors from the Group of Seven nations plan to discuss Europe’s debt crisis.
Bullion for August delivery rose as much as 0.7 percent to $1,624.80 an ounce on the Comex in New York and was at $1,620.10 by 11:21 a.m. in London. Economist Dennis Gartman said he’s adding to his gold holdings and selling equities.