Gold Futures Advance Most in Seven Weeks as Commodities, Equities Rebound

Bloomberg reported that gold futures rose significantly on a rally in equity and commodity markets.

The market news is quoted as saying:

The Standard & Poor’s GSCI index of 24 raw materials surged as much as 3.6 percent, while the MSCI All-Country World Index jumped as much as 4 percent. In the previous three sessions, gold tumbled 12 percent, the most since 1983, on sales by investors to cover losses in other markets amid mounting concern that the global economy would slump.

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