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Gold Falls to Lowest in More Than Two Weeks on Stimulus Outlook

Gold futures declined to the lowest price in more than two weeks on speculation that central banks will curb stimulus, lowering demand for the precious metal as a store of value.

Standard & Poor’s lifted its outlook for the U.S.’s AA+ credit rating yesterday to stable from negative, citing receding fiscal risks. Bank of Japan officials today left a lending program unchanged, adding to signs that global policy makers may step back from stimulus measures. Chinese markets are closed today and tomorrow for holidays.