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Gold in Worst Weekly Run Since ’04 Before Payrolls Clue on Rates

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Gold held a weekly decline marking its worst run in 11 years before a U.S. payrolls report that will guide the Federal Reserve in determining when to raise interest rates.

Bullion for immediate delivery was at $1,089.30 an ounce by 10:58 a.m. in Singapore from $1,089.55 on Thursday, when prices gained 0.4 percent, according to Bloomberg generic pricing. The metal is 0.6 percent lower this week and is headed for a seventh weekly drop in the worst slump since 2004.