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Gold Trades Near One-Week High on U.S. Economy, Fed’s Stimulus

Gold traded little changed near a one-week high after data showed that the U.S. economy unexpectedly shrank and the Federal Reserve maintained asset purchases. Platinum headed for the best month in a year.

Spot gold was at $1,676.79 at 3:33 p.m. in Singapore, after gaining as much as 0.2 percent. Bullion climbed as much as 1.2 percent yesterday to $1,683.28, the highest price since Jan 24. The metal is poised to snap three months of losses. Platinum, the best-performing precious metal this year, has jumped 9.4 percent this month in the biggest gain since January 2012.