Gold Rebounds After Biggest Loss in 15 Months Lures Investors

Gold Rebounds After Biggest Loss in 15 Months Lures Investors

(Bloomberg) -- 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.