Gold on Friday reduced in price after a positive statistical data on the labor market in the U.S. reduced demand for the metal as a safe asset.

On Thursday it became known that the number of initial claims for unemployment benefitsin the U.S. for the week ended March 10 fell by 14,000 and totaled 351,000. The data were better than analysts' forecasts, reducing the number of applications waiting only for7000.

April futures price of gold on COMEX has fallen today to $ 1639.7 an ounce.