© Archyde.com. Gold bars in a photo from the Archyde.com archive.
(Archyde.com) – It turned lower on Thursday, with revenues recouping some of their losses, while traders await inflation data next week in anticipation of indications about the path of US interest rates, as well as with the increase in weekly jobless claims.
And by 1549 GMT, it fell 0.2 percent to 1872.4 an ounce, after rising to 1890.18 dollars after the unemployment data was released. US gold futures fell 0.3 percent to $1,885.10.
And applications for unemployment benefits in the United States rose more than expected in the week ending on the fourth of February.
Market participants are awaiting US CPI data next week which could provide more clues on the Fed’s policy path.
As for other precious metals, it fell in spot transactions by 0.4 percent to $22.21 an ounce, and platinum fell 0.9 percent to $961.35, and fell 1.4 percent to $1,626.52.
(Prepared by Mahmoud Abdel-Gawad for the Arabic Bulletin)