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Gold settles lower Thursday 

Gold settles lower Thursday 

Mubasher: Gold prices declined on Thursday, with the US dollar showing a strong performance against major currencies. 

Gold futures for February delivery declined $2.60, or 0.2%, to settle at $1,247.40 per ounce. 

The precious metal is now down 0.4% for the week. 

Positive economic data helped USD rise which negatively affected yellow metal prices.