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Gold Gains Most in a Week as Commodities Rise Amid U.S. Optimism

Gold futures rose the most in a week, tracking gains in commodities, as prospects improved for a U.S. budget deal and unrest in the Middle East spurred demand for the metal as an alternative investment.

The Standard & Poor’s GSCI Spot Index of 24 commodities rose to a four-week high, and the MSCI All-Country World Index of equities advanced for the first time since Nov. 6 amid optimism that U.S. lawmakers will reach an accord to avert automatic spending cuts and tax increases scheduled to start