Gold prices are modestly higher at the start to a new week of trading on December 18, 2012. The precious metal is recovering losses from earlier in the session on mild bargain huntin, and after a report showed manufacturing in the New York area contracted more than expected, boosting expectations for expanded stimulus measures from the U.S. Federal Reserve.
The scheme will be financed in the same way as quantitative easing. The Bank of England (BoE) may buy Apple and IBM's corporate bonds as part of a new economic stimulus programme.