NEW YORK - Gold futures closed Friday trading with modest gains on speculation the U.S. dollar will weaken against the dollar while crude oil futures fell, but posted a weekly loss of over $30. Gold for August delivery rose $4.50 to end at $926.80 an ounce on the Comex division on the New York Mercantile Exchange. However, the metal posted a weekly loss of $31.20 an ounce from last Friday's closing level of $958 an ounce. Gold reached a record $1,033.90 an ounce in March as the dollar reached an all-time low of $1.6038 per euro on July 15. "Most of the activity today is book-squaring related, but the two sets of economic figures kept the dollar close to recent highs," said Jon Nadler, senior analyst at Kitco Bullion Dealers. "Falling oil prices are also seen as a hindrance to gold's advance at this stage," Nadler said. The...
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