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