Gold Rises From Eight-Month Low as Equities Drop
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Gold futures rose from an eight-month low as a decline in equities boosted demand for the precious metal as an alternative investment. Silver extended a slump to the cheapest in four years
The Standard & Poor’s 500 Index of stocks fell as much as 1 percent. Purchases of previously owned U.S. homes declined in August for the first time in five months, government data showed. Commodities dropped to a five-year low, led by industrial metals and agriculture.