Gold eased for a second straight session on Thursday as investors awaited US jobless claims data for possible cues, and sentiment remained fragile as optimism over an economic recovery and a strong dollar dented bullion's appeal as a hedge. More outflows from bullion-backed exchange-traded funds indicated that investors anticipate further price falls as the dollar stays close to a four-year peak against a basket of major currencies.
Spot gold slipped 0.2 percent to $1,157.73 an ounce at 0735 GMT, after easing 0.3 percent the session before. The metal has seen an intense sell-off since October 31, sliding below the key technical level of $1,180 and then plumbing a 4-1/2-year low at $1,131.85. It has since recovered modestly on short-covering.
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