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Gold Caps Biggest Rally Since June as Haven Appeal Shines Again

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Gold capped the biggest weekly gain in two months as the metal’s haven appeal finally started attracting investors again.

China’s unexpected yuan devaluation this week roiled global markets, pushing up the allure of gold as a store of value. The metal, which was neglected during the Greek debt crisis and has been languishing near a five-year low, rebounded to a three-week high Friday, before trading little changed.