Gold Futures Advance on Bets Japan to Increase Stimulus Measures
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Gold futures rose in New York on speculation that Japan’s new government will act to bolster the economy.
Japan’s premier Shinzo Abe said today his government’s mission is to restore a strong economy. Minutes of the Bank of Japan’s November meeting showed that a board member suggested conducting open-ended asset purchases. Gold prices, up 6 percent this year, are headed for a 12th straight annual gain as governments and central banks in Japan, Europe and the U.S. boosted measures to shore up growth.