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Gold futures climbed as investors looked to the yellow metal as an alternative asset in light of the dollar’s drop, Bloomberg reported.
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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