Gold Advances on Japan, U.S. Outlook for More Stimulus
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Gold futures climbed for the first time in four sessions on speculation that central banks will continue stimulus measures to spur economic growth.
Haruhiko Kuroda, the nominee to be Bank of Japan governor, said he would do whatever is needed to end 15 years of deflation. Federal Reserve Vice Chairman Janet Yellen said the U.S. central bank should press on with $85 billion in monthly bond buying. Gold advanced 7 percent last year as nations from the U.S. to China pledged more stimulus to bolster economic growth.