Gold for August delivery, the most actively traded contract, was recently down 0.7% at $1,178.10 a troy ounce on the Comex division of the New York Mercantile Exchange. The dollar rebounded after several days of declines Thursday, as U.S. economic data showed retail sales in May increased in line with expectations. A stronger dollar tends to dent prices for gold, which is denominated in dollars and becomes more expensive for foreign buyers ...
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