Gold Gains First Time in Four Days on Increased Physical Demand
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Gold rose for the first time this week on speculation that demand for bars, coins and jewelry increased and as investors awaited a U.S. jobs report tomorrow.
The U.K.’s Royal Mint said it ran out of 2014 Sovereign gold coins as lower prices spurred demand. Futures fell 1.1 percent in the past three sessions. The price tumbled 28 percent last year, the most since 1981, after some investors lost faith in the metal as U.S. growth rebounded.