Commodities
Gold Snaps Five-Day Drop as Traders Take Cues From Wider Markets
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Gold snapped a five-day losing streak — its longest since February — as traders weighed a broader markets rally.
Bullion for immediate delivery traded near $2,415 an ounce after shedding almost 3% during the decline. The rebound may have been aided by Labor Department data that showed applications for unemployment benefits falling by the most in nearly a year.