Gold futures end with strong gains

Gold futures closed with strong gains Friday as a new record high in crude oil, persistent weakness in the U.S. dollar and a decline in the U.S. stock market encouraged investment demand for the precious metal. Gold for August delivery rallied $16.20 to end at $931.30 an ounce on the New York Mercantile Exchange. The precious metal posted a weekly gain of $27.60 from last Friday's closing level of $903.70.

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