Stocks Rise With Treasuries on GDP Data While Gold Slides

Stocks rose around the world as Chinese money-market rates decreased and slower-than-estimated U.S. economic growth spurred speculation the Federal Reserve will be in no rush to reduce stimulus. Treasuries rallied while silver and gold sank to the lowest since 2010.

The MSCI All-Country World Index advanced 1 percent at 4 p.m. in New York and the Standard & Poor’s 500 Index added 1 percent to 1,603.26, extending its two-day advance to almost 2 percent. The cost of locking in China’s interest rates fell for a fourth day, the longest run of declines since February. Gold and silver slumped more than 3 percent as the Dollar Index climbed for a sixth straight day, its longest rally in 13 months. Treasury 10-year note yields lost seven basis points to 2.54 percent.