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Gold Futures Close at Highest in Four Weeks as Dollar Weakens

Gold futures closed at the highest price in four weeks as a weaker dollar bolstered demand for commodities. Silver, platinum and palladium also surged.

The greenback retreated for the second straight day against a basket of currencies amid signs that European leaders are taking more steps to stem the region’s debt woes. The MSCI All-Country World Index of equities rose as much as 1.6 percent, and the Standard & Poor’s GSCI Spot Index of 24 raw materials advanced as much as 1.5 percent, the fifth gain in six sessions.