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Thursday, 08/07/2014 1:59:11 PM

Thursday, August 07, 2014 1:59:11 PM

Post# of 640606
Gold prices swing higher as dollar pares gains
Gold prices leaped into positive territory on Thursday, paring post-jobless claims losses, as a the dollar index and benchmark U.S. stock indexes edged lower.
A build-up of Russian troops on the border with Ukraine and tit-for-tat economic sanctions between the West and Moscow on Wednesday drove investors out of assets seen as higher risk including stocks and into the relative safety of bonds and gold.
European shares, which had fallen sharply, steadied on Thursday, however, while the dollar index rose 0.2 percent. Gold, which is priced in dollars, tends to lose ground when the U.S. unit firms. http://www.cnbc.com/id/101900824

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