Gold Advances Amid Weaker Dollar, Disappointing U.S. Labor Data
- Democrats continue debate over $3.5 trillion spending bill
- Spot silver is on course for its worst month in a year
Photographer: Akos Stiller/Bloomberg
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Gold rose to the highest in a week as investors sought haven after a labor report pointed to an uneven recovery in the U.S. jobs market.
Applications for U.S. state unemployment benefits unexpectedly rose for a third straight week, led by another surge in California. The dollar fell after the report, boosting bullion’s appeal for investors holding foreign currencies.