Gold Bolstered by Japanese Stimulus Speculation

Bloomberg reported that gold approached a one-month high in London, buoyed by speculation that Japan will increase monetary stimulus.

As quoted in the market report:

The BOJ introducing fresh stimulus would be positive for precious metals,” analysts at Mumbai, India-based AnandRathi Commodities Ltd. said today in a report. “The economic calendar from the U.S. is relatively light this week. Movement in bullion may stay confined to a narrow band.

To view the whole Bloomberg report, click here.