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Gold futures are surging again on Friday as Treasury yields resumed their retreat following an early session rise and the U.S. Dollar Index edged toward its lowest level since March 18. Gold’s sharp rise this week has put the precious metal in a position to post its best performance in five weeks.
At 11:46 GMT, June Comex gold is trading $1777.80, up $11.00 or +0.62%.
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Gold’s gains came despite U.S. data showcasing robust retail sales and a significant drop in weekly jobless claims and a record growth in China’s first-quarter GDP.