Gold Rises for Second Day as Dollar’s Drop Boosts Commodities
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Gold futures climbed for the second straight day amid a commodity rally after the dollar’s drop boosted the appeal of raw materials as alternative investments.
The Standard & Poor’s GSCI index of 24 energy, metal and agriculture prices rose as much as 1.6 percent as European finance ministers work on a bailout fund. The greenback dropped as much as 0.9 percent against a basket of major currencies.