Gold Futures Advance as Dollar Drops After U.S. Jobs Report
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Gold futures rose, rebounding from the biggest drop since July, as the dollar’s slump boosted the appeal of the precious metal as an alternative asset.
The greenback fell to the lowest level against the yen since 1995 after a report showed the U.S. lost more jobs in September than economists estimated. Gold has climbed 23 percent this year, reaching a record $1,366 an ounce yesterday.