Gold Climbs for Third Straight Session on Stimulus Bets
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Gold gained for the third straight session in New York on speculation that policy makers will announce additional stimulus measures to boost growth, increasing demand for bullion as a hedge against inflation.
Federal Reserve Bank of Chicago President Charles Evans said he would support a variety of measures to generate faster job growth, underscoring his preference for more action. Spain has a “fair chance” to demonstrate its capacity to solve its banking woes after indicating it will require a bailout, Finland’s Prime Minister Jyrki Katainen said.