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Gold Futures Climb Near 1-Month High on Dollar, Stimulus Outlook

Gold climbed toward a one-month high in New York as the dollar’s slump and speculation the Federal Reserve will maintain stimulus spurred demand for the metal.

The Bloomberg Dollar Index, a measure against 10 major currencies, was little changed near a one-month low after a report showed manufacturing in the euro area’s 17-nation currency bloc unexpectedly expanded in July. Manufacturing in the region covered by the Fed Bank of Richmond unexpectedly shrank in July, data showed yesterday.