Gold steadies in the wake of U.S. jobless claims

Market news

13 November 2014

Gold steadies in the wake of U.S. jobless claims

Gold, currently trading at USD1162.60 an ounce further steadied ahead of important U.S. data on jobless claims later today at 13:30 GMT as well as retail sales report due on Friday for further indications of future U.S. economic growth that may lead to a raise in interest rates by the FED more sooner than later. A strong U.S. dollar and higher interest rates weigh on gold.

GOLD currently trading at USD1162.60

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