Gold price declined on a stronger U.S. dollar. The greenback rose on a positive U.S. economic data. The U.S. Labor Department released its jobless claims figures on Wednesday. The number of initial jobless claims in the week ending November 21 in the U.S. fell by 12,000 to 260,000 from 272,000 in the previous week, exceeding expectations for a decline to 270,000. Jobless claims remained below 300,000 the 38th straight week. This threshold is associated with the strengthening of the labour market.

The U.S. Commerce Department released durable goods orders data on Wednesday. The U.S. durable goods orders climbed 3.0% in October, exceeding expectations for a 1.5% rise, after a 0.8% drop in September. September's figure was revised up from a 1.2% fall.

Personal spending rose 0.1% in October, missing expectations for a 0.3% gain, after a 0.1% increase in September.

This data added to speculation that the Fed will start raising its interest rate next month.

December futures for gold on the COMEX today fell to 1067.10 dollars per ounce.