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Gold Advances Most in Two Weeks on China Stimulus Speculation

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Gold advanced the most in more than two weeks amid speculation that China, the world’s biggest consumer, will take more measures to bolster the economy, boosting demand for the precious metal as a store of value.

The People’s Bank of China plans to temporarily waive a requirement for lenders to set aside reserves for some deposits, people with knowledge of the matter said. Gold surged 70 percent from December 2008 to June 2011 as central banks increased money supply on an unprecedented scale.