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Gold Rises, Silver Jumps on Economic Stimulus Outlook

Gold rose to a one-week high and silver jumped the most since January on speculation that central bankers in major economies will take more steps to bolster their economies, boosting demand for the metals as stores of value.

Federal Reserve Chairman Ben S. Bernanke signaled in a speech yesterday that the economy has room for improvement. Government data showed today that China’s inflation in March eased more than forecast from a 10-month high, reducing pressure on policy makers to tighten credit. The Bank of Japan last week announced stimulus measures.