Gold Pushes Above Unchanged As Downbeat Jobless Claims Data Dents U.S. Dollar
Thursday May 12, 2016 09:36
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(Kitco News) - Gold prices have moved to modestly higher levels in mid-morning dealings Thursday, after trading moderately lower in overnight action. A significantly downbeat U.S. jobless claims report released just after the Comex gold futures market opened put downside pressure on the U.S. dollar index, which in turn helped to lift gold prices above unchanged. June gold was last up $1.70 an ounce at $1,277.20.
By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
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