Gold gains as dollar falls again

Gold futures had the biggest gain in seven weeks as the dollar fell against the yen, euro and the pound, boosting the metal’s appeal as a hedge against other dollar-denominated assets.

The yen had its largest rise in seven weeks after Japanese stocks soared as a government report said the economy grew faster than predicted last quarter.

Gold has risen 4.3% in the past year, reaching a 15-year high of $433 an ounce on April 1, as the dollar fell against the yen, euro and 10 other major currencies.