Gold Continues to Rally on Expectations of a Global Central Bank Put

“Gold climbed to a five-week high in New York on speculation central banks around the world will do more to spur growth.

Economists expect data today to show the U.S. economy expanded at the slowest pace in a year, increasing speculation the Federal Reserve will engage in a third round of quantitative easing. The dollar fell against the euro after European Central Bank President Mario Draghi said policy makers will do whatever is needed to save the single currency.”

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