Gold Rises on Physical Metal Demand, Commodity, Equity Rallies
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Gold futures rose, capping the biggest weekly gain since early September, as demand climbed for jewelry and coins, while commodities and equities rallied.
Commodities headed for the biggest weekly gain since December, and global equities were poised for the largest weekly rally since July as the Group of 20 began talks to tame Europe’s debt crisis and U.S. retail sales topped estimates by analysts. Gold demand may climb before a religious festival this month in India, the world’s top consumer of the precious metal, and the country’s wedding season.