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Gold Prices fall to a 7 1/2 month low.

Thursday 11 September 2014

(Reuters) - Gold fell to its lowest level in 7-1/2 months on Thursday on a strong dollar and as tensions in Ukraine appeared to ease, failing to benefit from weaker shares after an unexpected rise in U.S. jobless claims.

Spot gold slipped 0.7 percent to $1,240.30 an ounce by 1414 GMT, after dropping to its lowest since Jan. 31 at $1,238.15 in earlier trade.

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