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Gold loses over $1 on Thursday

Gold loses over $1 on Thursday

Mubasher: Gold settled lower on Thursday, as the US reported negative economic data.

Comex April gold fell $1.2, or 0.1%, to close at $1,313.9 per ounce.  

US business inventories declined 0.1% in November 2018 to $1.981 trillion on a seasonally adjusted basis, according to the US Commerce Department’s Census Bureau.

US unemployment claims rose 4,000 week-on-week to 239,000 claims in the week ended 9 February.