Gold Rises for Third Time in Four Days on Stimulus Bets
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Gold advanced for the third time in four sessions on speculation that central banks will take steps to bolster their economies, increasing the appeal of the precious metal as a store of value.
Investors expect European Central Bank President Mario Draghi to flesh out a plan to shore up Spanish and Italian bonds. The Bank of Japan started a two-day policy meeting amid speculation that it may weigh alternative monetary policy, and China’s yuan climbed to a one-week high against the dollar on bets that the government will take steps to revive economic growth.