Gold Futures Decline for Fourth Time in Five Sessions
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Gold futures fell for the fourth time in five sessions as a U.S. equity rally reduces demand for the precious metal as an alternative investment.
The Standard & Poor’s 500 Index rose on speculation that the crisis at Portugal’s Espirito Santo SA will be contained. U.S. data showed Aug. 1 that employers added more than 200,000 jobs for the sixth straight month. Last week, gold dropped 0.8 percent, the third straight decline.