Gold prices remained range-bound near 5-year lows Thursday amid reluctance to make big bets ahead of next week’s Federal Reserve meeting.
Policy makers are expected to raise interest rates despite some economic hiccups and concerns about low inflation.
US initial claims for state unemployment benefits increased 13,000 to a seasonally adjusted 282,000 for the week ended Dec. 5, the highest level since early July, the Labor Department said.
Feb. gold settled at $1,072/oz, down $4.50, or 0.4%.
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