Gold bulls come out of hiding
SAN FRANCISCO (MarketWatch) — Some confidence is returning to the gold market.
Gold futures /quotes/zigman/4331913 GCG3 -0.97% erased their year-to-date losses Thursday after a 1.4% rally to $1,678 an ounce on the Comex division of the New York Mercantile Exchange, driven by data implying strength in China’s economy and a sharply weaker U.S. dollar. See: Gold ends 1.4% higher on China exports, weak dollar.
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