Bloomberg reported that gold advanced on Monday, as investors turned away from the dollar admist concern over the possibility of more U.S. stimulus.
As quoted in the market report:
Federal Reserve Bank of Chicago President Charles Evans said the U.S. should keep policy accommodative to support the economy. Gold slid to a four-month low on Jan. 4 after Fed minutes indicated policy makers may end $85 billion in monthly bond purchases sometime this year.
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