The Phaserl


Gold Gains in New York as Silver Extends Best Run Since August

by Nicholas Larkin and Debarati Roy,

Gold rose toward the highest in more than a week in New York as investors weighed the outlook for U.S. stimulus amid concern economic growth may slow. Silver gained in the longest advance since August.

Gold advanced and silver reached the highest in more than two weeks yesterday after ADP Research Institute data showed weaker-than-forecast jobs growth in the U.S., fueling speculation government data tomorrow will trail estimates. The dollar was little changed versus a basket of 10 major currencies after falling to a one-week low yesterday.

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