Gold futures climbed as investors looked to the yellow metal as an alternative asset in light of the dollar’s drop, Bloomberg reported.
According to the market news:
Gold futures for delivery in December advanced 0.2 percent to $1,274.40 an ounce at 11:19 a.m. on the Comex in New York. Through yesterday, the price tumbled 24 percent this year, heading for the first annual drop since 2000.
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