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Gold edges lower after fall in U.S. weekly jobless claims


Thursday, 5 December 2019 21:30 WIB

GOLDEMASSILVER


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Gold futures lost ground Thursday, turning slightly lower after a fall in weekly U.S. jobless claims underpinned support for stocks and other risky assets, dulling the yellow metal's haven appeal.

Gold for February delivery on Comex was off 70 cents, or less than 0.1%, at $, 479.50 an ounce, while March silver rose 1.4 cents, or 0.1%, to $16.93 an ounce.

The Labor Department said the number of Americans who applied for first-time unemployment benefits fell to the lowest level in seven months in the week ended Nov. 30, falling 10,000 from the previous week to 203,000.

January platinum declined 1.6% to $887.50 an ounce, while March fell 1.2% to $1,823.70 an ounce.

Source : MarketWatch


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