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- Gold price slightly declines
Gold price slightly declines
Gold price slightly declined due to profit taking and due to a rise in the European stock markets. Stock markets were supported by on speculation that the Fed will delay its interest rate hike.
The U.S. initial jobless claims data also weighed on gold price. The U.S. Labor Department released its jobless claims figures on Thursday. The number of initial jobless claims in the week ending October 03 in the U.S. declined by 13,000 to 263,000 from 276,000 in the previous week. The previous week's figure was revised down 277,000.
Analysts had expected the initial jobless claims to increase to 274,000.
December futures for gold on the COMEX today fell to 1144.00 dollars per ounce.
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