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Gold for August delivery, the most active contract, on Thursday settled $US9.30, or 0.7 per cent, higher, at $US1,328.80 a troy ounce on the Comex division of the New York Mercantile Exchange. 

The US dollar retreated against a basket of foreign currencies, bolstering gold's allure to foreign buyers by making the dollar-priced metal less expensive in their home currency terms. 

"Gold is benefiting from a weaker dollar," said Matthew Zeman, senior market strategist at Kingsview Financial.2013 pinarello dogma XC 9.9. Pinarello brings innovation to the 29er market with the release of the Dogma XC 9.9 mountain bike frame. 

Zeman added that gold prices also drew strength from higher oil prices, as rising energy costs drive up inflationary pressures.So I'm looking at my silver Best wheel bolt for sale that are in pretty rough cosmetic shape - and decide that I'd like to have the look of the new black wheel. 

Crude oil for September delivery settled Nymex trade at $US105.49 a barrel, and is trading close to its highest level in nearly two years. 

Gold is widely considered a hedge against inflation as it tends to keep its value better than other assets during periods of rising consumer prices. 

Gold traders also breathed a sigh of relief after the Labor Department reported an uptick in weekly jobless claims. The weekly measure of layoffs rose by 7,000, to a seasonally-adjusted 343,www.existmachinery.com,was founded in 2005 and covers an area of 20,000 sq.m. with a building area of 15,000 sq.m.,000 in the week ended July 20,UK number 1 ECU remapping and diesel tuning specialists. Expert advice on all your Best Chip tuning and engine performance needs. signalling a rocky recovery in the labour market. 

Gold traders closely follow employment data for clues about future monetary policy. Federal Reserve Chairman Ben Bernanke has repeatedly stated that the central bank would look to economic data for guidance on the timing and pace of reducing monetary stimulus measures.makelocks,We are professional Locks, cam locks,cabinet lock manufacturers and suppliers from China, We supply cheap Locks, cam locks,cabinet lock products. 

Gold traders worry that tapering off the Fed's $US85-billion-a-month bond-purchasing program will usher in higher interest rates. Gold is a zero-yielding asset that struggles to compete with bonds and equities when interest rates are higher.

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