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NEW YORK (AP) - Gold prices rose for the fourth straight day Tuesday, advancing modestly on retreating U.S. Treasury yields and a weakening U.S. dollar.
It was a mixed day overall for commodities, with grains pulling back sharply as traders locked in profits from last week's sharp gains, and crude oil slipping and then recovering due to labor unrest in Nigeria and Brazil.
The dollar finished lower against the 13-nation euro, despite a surprise drop in German investor sentiment and a U.S. Commerce Department report that new home construction dipped by a smaller amount than anticipated. A less valuable dollar typically buoys gold prices, as the two assets are regarded as rival safe-haven investments.
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