Gold advanced to the highest in two weeks as a weakening dollar attracted buyers in exchange-traded funds backed by the metal amid mounting speculation that U.S. interest-rate increases will be gradual.
The Bloomberg Dollar Spot Index fell for a third day, the longest losing streak in three weeks, a day after a report showed a core U.S. inflation gauge rose less than estimated in September. That bolstered speculation the Federal Reserve won’t move aggressively in raising borrowing costs.
