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ENERGY WRAP: Oil fell for the first time in three days, paring a weekly gain, on speculation demand will falter after China’s economy slowed and Europe’s debt crisis worsened. Brent crude for August settlement fell 31 cents, or 0.3 percent, to $100.76 a barrel on the London-based ICE Futures Europe exchange.
Natural gas futures rose for a second day in New York as forecasts for hotter-than-normal weather in the Northeast next week signaled higher demand for power-plant fuel.
PRECIOUS METAL WRAP: Gold traded nearly flat on Friday, but remained on course for a second consecutive week of losses as worries about the euro zone debt crisis and the absence of stimulus measures in the United States buoyed the dollar and its safe haven appeal.
Gold edged slightly higher right after China released its second-quarter growth data, which showed the world's second-largest economy, grew at the slowest pace since early 2009 but may have stabilized. Silver bullion also gave back the last of July's rally to date, trading down to $27.75 per ounce.