Rallies in silver, gold and oil helped commodities snap a three-day retreat while the Standard & Poor’s 500 Index erased an early advance and trimmed its eighth straight weekly gain, the longest streak since 2004. The British pound touched a two-year high versus the dollar.
Yuan deposits in Hong Kong rose by the most since April 2011 to a record in October amid bets China will step up efforts to increase the global usage of the currency and implement policies to spur growth.
U.S. stocks rose, with the Standard & Poor’s 500 Index climbing to a record, as retailers led gains amid optimism over the holiday shopping season. Treasuries extended their advance after Janet Yellen said the American economy must improve before cuts to monetary stimulus.