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MW: Oil, gold diverge after jobless claims data
 
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Gold futures lost some steam and oil futures added to their advance after the Labor Department said Thursday workers filing for unemployment benefits fell below 400,000 last week for the first time since early April. Oil traded higher after the data, but buckled again and the September contract CL1U -0.02% recently traded lower 50 cents, or 0.5%, to $96.91 a barrel on the New York Mercantile Exchange. Gold lost steam after the report but held on to modest gains, the December contract GC1Z +0.04% added 70 cents to $1,617.70 an ounce on the Comex division of the New York Mercantile Exchange.

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