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Gold Rebounds After Dollar Declines, Commodities Advance

Gold futures rebounded as the dollar’s drop boosted demand for the precious metal and commodities as alternative investments.

The Standard & Poor’s GSCI Index of 24 raw materials jumped as much 1.2 percent and the greenback fell as much as 0.2 percent against a basket of 10 major currencies after Senate leaders reached an agreement that would end the fiscal impasse and increase U.S. borrowing authority, a day before it lapses. The Senate and House may vote on the accord as soon as today.