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 Gold futures head lower early Friday as the precious metal pulls back after two straight days of gains. Higher yields in government debt have been attributed to some of the softness in the gold rally in recent days, with climbing rates in Treasurys providing some headwind for bullion, which doesn't offer a yield.
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Diane Jaffee of TCW Group says value stocks tend to outperform when investors look ahead to better times.
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Unemployment claims fell below 1 million for the first time in 20 weeks, but worries that job losses are becoming permanent are weighing on investors.
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