Gold prices edged lower Wednesday morning ahead of the Thanksgiving holiday.
A deluge of U.S. economic data failed to move the needle.
Among today’s releases, the Labor Department said jobless claims fell to 260,000, a decrease of 12,000 from the previous week’s revised level of 272,000.
Analysts say the Federal Reserve remains on track to raise interest rates in December.
December gold fell $3.80, or 0.4%, to settle at $1,070 an ounce on Comex, staying near recent 6-year lows.
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