Gold Climbs Amid Speculation Fed Will Maintain Stimulus

Gold futures rose on speculation that the Federal Reserve will maintain bond purchases to bolster the U.S. economy, while demand for coins and jewelry climbed.

Slowing inflation offers the Fed more scope to provide the economy with more liquidity and lower interest rates for longer. Chow Sang Sang Holdings International Ltd. said that jewelry sales at its 44 shops in Hong Kong more than doubled in the two weeks ended April from a year ago. Last week, gold jumped 4.2 percent, the most in 15 months, partly as coin demand from mints in the U.S. and Australia soared after futures on April 15 plunged 9.3 percent, the most in 33 years.