Gold dipped with a stronger US dollar

Gold dipped Thursday as a stronger U.S. dollar weighed into the mix and oil prices slipped, conditions that generally reduce the yellow metal’s appeal. Silver and platinum also declined. On a positive note, no drastic shifts in prices were seen. U.S. stock moved lower as well.

Oil fell slightly Thursday "from a seven-week high after crude stockpiles in the U.S. increased as refiners reduced processing. New York crude-oil for September delivery lost 3 cents, or 0.04 percent, to close at $71.94 a barrel. Prices at the pump jumped another 2.5 cents from Wednesday, according to AAA. The national average for unleaded gasoline climbed to $2.610 a gallon. The price is 9.4 cents higher than last week, six-tenths of a cent higher than a month back, and $1.25 lower than a year ago.