US gold closes up on weaker dollar, higher oil

Newswire

(Updates prices to close) NEW YORK, June 22 (Reuters) - U.S. gold futures rose Friday, extending the previous session's reversal from one-week lows, as a softer dollar and firmer oil prices lent support, dealers said. Gold for August delivery on the New York Mercantile Exchange's COMEX division closed up $2.80, or 0.4 percent, at $657 an ounce, after dealing between $653.50 and $659.50. Jeffrey Christian, managing director of commodity research firm CPM Group, said the market was ...

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