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Crude declined after Iran agreed to limit its nuclear program in exchange for relief from some sanctions, oil headed for the first weekly advance in almost two months as applications for unemployment benefits in the U.S. fell and negotiators made little progress in talks with Iran in Geneva. oil were stable in New York after the January contract rallied 1.7 percent. Jobless claims fell last week to the fewest since Sept. 28, according to Labor Department data. Crude dropped to 93.70.
GOLD
Gold declined after Iran agreed to limit its nuclear program in exchange for relief from some sanctions. , Gold overall is dominated by much bigger forces right now,” Walter de Wet, an analyst at Standard Bank in Johannesburg, said before Iran and world powers announced their wider nuclear agreement. Prices plunged 26 percent this year, headed for the biggest annual drop in three decades, as some investors lost faith in the metal as a store of value. Gold closed little changed at $1,243 an ounce.