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Gold Swings After Climbing Most in Two Weeks on Stimulus Outlook

Gold swung between gains and losses after rising the most in two weeks yesterday as investors weighed the prospect of the U.S. Federal Reserve maintaining asset purchases. Outflows from investor holdings slowed.

Spot gold traded at $1,407.50 an ounce at 3:01 p.m. in Singapore, after climbing and dropping at least 0.3 percent. Prices jumped 1.7 percent yesterday, the most since May 20, as U.S. manufacturing unexpectedly contracted in May. Cash silver declined 0.5 percent to $22.62 an ounce.