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Gold Futures Rise on Dollar’s Slump, European Debt Concerns

Gold futures rose for the second straight session as the dollar’s decline and Europe’s debt woes spurred demand for an alternative investment.

The greenback fell to the lowest in almost three weeks against six major currencies. Luxembourg Prime Minister Jean-Claude Juncker said European leaders will decide on additional aid for Greece by the end of next month and have ruled out a “total restructuring” of the nation’s debt. Russia and Mexico raised gold reserves in April, International Monetary Fund data show.