Gold prices fell Thursday, touching their lowest in a week as global stocks were able to steady after a brutal start to the new year.
Feb. gold fell $13.50, or 1.2%, to settle at $1,073.60/oz on Comex.
Downbeat US economic data was seen as a blessing, with markets betting the Federal Reserve will not raise interest rates in the first few months of 2016.
U.S. initial jobless claims for the first full week of January, meanwhile, rose by 7,000 to a seasonally adjusted 284,000, the Labor Department said this morning.
The four-week moving average of jobless claims was at its highest since July.
The material has been provided by InstaForex Company – www.instaforex.com