Gold Futures Rise to One-Month High on U.S. Stimulus Speculation

Gold futures advanced to the highest in a month on speculation that the Federal Reserve will maintain stimulus to boost economic growth.

U.S. orders to manufacturers unexpectedly dropped in September, while consumer sentiment sank in October to a 10-month low, separate reports showed today. The dollar slid the lowest in almost two years versus the euro. Chances that the Fed will trim its $85 billion of monthly bond purchases have “diminished greatly” on growth concerns, said Carl Tannenbaum, the chief economist for Northern Trust Corp.