Gold Rebounds After Biggest Loss in 15 Months Lures Investors
- ETFs added most gold in three months, Bloomberg data shows
- Dollar index heads for its first loss in seven sessions
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Gold advanced following its biggest weekly decline in 15 months, helped by a drop in the dollar and a boost from exchange-traded fund investors.
Holdings in gold-backed ETFs rose the most in three months on Friday, according to an initial tally by Bloomberg. A gauge of the dollar headed for its first drop in seven sessions, lifting the appeal of gold as an alternative asset.