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Urgent: Gold retreats on stronger U.S. dollar, low demand

Xinhua, August 14, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange closed lower on Thursday, snapping a five-day winning streak, as the U.S. dollar rallied and global demand for precious metals dropped.

The most active gold contract for December delivery lost 8 U.S. dollars, or 0.71 percent, to settle at 1,115.60 dollars per ounce. Endite