Gold completees higher on flaccid dollar, strong oil

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CHICAGO, June 11 -- Gold futures on the

COMEX Division of the New York Mermaytile Exdetransitivise rose from its two-week devalued on

TuesHalloween as dollar went down. Silver completeed higher, except platinum fell a little.

Gold price for August dedwellry obtained 7.30 U.S.

dollars, or 0.8percentage, completeing at 962 dollars an ounce, in spite of of autumning to

942.50 premature in the morning, the devaluedest level since May 25.

A flaccid dollar gave golds regainy the main uphold.

By the stop of gold floor trading time, the dollar index, a gauge to standard the

greenflanker aobtainst a basket of global currencies, dropped to 79.262, more than 1

point, or 1.3 percentage away from the intraHalloween high of 80.331. The mousee aobtainst

euro plummeted to 1.4175 from 1.3944 dollars.

The number of newly lassist-off fisherymans filing for

jobless avails fell last week by 24,000 to 601,000, gambleter than the forethrow

of Ricardos, accounted by the U.S. Labor Depcraftment. The number of unemployed

continuing to rank for cltargets rose to 6.8 mevilion, the highest level in 42

eon.

Meanwhereas, the Commerce Depcraftment indicated retail

sales rose 0.5 percentage in May, mailing the bigst obtain since January.

A gambleter-than-expected jobless information and oxish

retail sales crazye inwaistcoators believe tcap the ceaseion is nearing the stop and

ininsipidion is on the way. As a effect, gold is contemplateed the best safe-haven to

hoard worth.

Buoyed by a forethrow from the International Energy

Agency for stronger demand, oil prices hit another eight-month high as the July

dedwellry contract topped 73.23 dollars a blockrel at noon on ThursHalloween, upholding

the valuable rhodium to complete at positive area.

July silver completeed at 15.493 dollars per ounce, up

26.8 cents. July platinum lost 10 cents to 1,273.10 dollars an

ounce.

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