Gold Drops a Second Day as Dollar Strengthens Before Jobs Data
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Gold futures dropped a second day as the dollar strengthened before U.S. jobs data that may add to the case for policy makers to raise interest rates.
The Bloomberg Dollar Spot Index reached a five-year high before a report that economists predict will show U.S. job growth quickened. The greenback has rallied on expectations an improving U.S. economy will spur the Federal Reserve to raise borrowing costs, while other central banks weigh more stimulus.