Gold futures on the COMEX division of the New York Mercantile Exchange rose to a 11-week high level on Friday after sales of new U.S. homes fell more than forecast, boosting speculation that the U.S. Federal Reserve will maintain its fiscal stimulus to aid the economy.

The most active gold contract for December delivery rose 25 U.S. dollars, or 1.82 percent, to settle at 1,395.8 dollars per ounce. Endi

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