Gold traded near the highest in almost two months in New York as investors weighed more physical buying against prospects for less U.S. stimulus. Silver headed for the best week since 2011 after entering a bull market.
Bullion is set for the biggest weekly gain in five even as signs the U.S. economy is improving fueled speculation the Federal Reserve will start reducing stimulus. Silver futures rallied more than 20 percent since June 27 through yesterday’s close, the common definition of a bull market.
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