Gold Future Heads for Biggest Weekly Gain Since January

Gold futures capped the biggest weekly gain since January as speculation that the U.S. will expand monetary stimulus following President Barack Obama’s re-election bolstered demand for the metal as a store of value.

Mitt Romney, the loser in the election, criticized Federal Reserve policies and said he would replace Chairman Ben S. Bernanke. The U.S. risks entering a recession should policy makers fail to avoid the so-called fiscal cliff of automatic tax increases and spending cuts next year, Fitch Ratings said.