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Gold Advances for First Time in Three Days on U.S. Retail Sales

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Gold futures rose for the first time in three days as U.S. retail sales in January fell more than forecast, signaling a cooling economy and increasing demand for the precious metal as a haven.

The 0.8 percent drop in retail sales followed a 0.9 percent decrease in December, government data showed Thursday. The median forecast of economists surveyed by Bloomberg called for a