Gold Gains as Weakening Dollar Boosts Metal’s Appeal
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Gold futures advanced as the dollar weakened, reviving the appeal of the metal as an alternative investment.
The greenback fell for the second time in three sessions against a basket of 10 major currencies, after trading near a five-year high. The Standard & Poor’s 500 Index of shares retreated from an all-time high. Gold erased earlier losses of as much as 1.2 percent.