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Gold Advances as Decline to Six-Week Low Attracts Buyers

Gold rebounded from a five-week low amid renewed optimism that Greece will be able to tame its debt crisis and as a report showed increased U.S. hiring.

Investors with holdings amounting to at least 58 percent of the Greek bonds eligible for the nation’s debt swap have indicated they’ll participate, moving the country closer to the biggest sovereign restructuring in history. U.S. companies added 216,000 workers last month, according to data based on payrolls from ADP Employer Services. Yesterday, gold declined to $1,663.40 an ounce, the lowest since Jan. 25.