On the Comex division of the New York Mercantile Exchange, gold futures fell in December delivery rose 4.20 dollars, or the equivalent of 0.39%, to trade at $ 1.069.60 per ounce during US morning trade, not far from its lowest price in 6 months and last week at 1.062.00 dollars per ounce.
According to the US Labor Department said Wednesday that the number of people who applied for benefits Initial unemployment in the week ending November 21 fell 12,000 proportion to score 260.000 of the total revised ratio of 272.000.o Analysts had expected decline in jobless claims for the work by 2000 in a week past. The applications for unemployment benefits less than 300,000 for 37 weeks in a row, which is usually associated with the labor market.
Separately, the US Commerce Department reported that durable goods orders, which include transportation rose 3.0% in October, easily surpassing expectations for a 1.5% waiting.
It rose core durable goods orders, which Zbad volatile transportation items, rose 0.5% in October / October, more expectations that were looking forward to an increase of 0.3% from.
The data also showed that personal spending requests rose by 0.1% last month, contrary to expectations that were waiting for a gain of 0.3%. While Mahralasaralasasah remained unchanged last month, contrary to expectations that were looking forward to an increase in .0.1%.
It upbeat data Allier expectations that the Federal Reserve will raise interest rates for the first time in nearly a decade in its meeting on December 15-16.
Most Fed officials believe there is a strong argument to start raising interest rates next month, as long as the economic data in the United States strong in the coming weeks.
It is supposed to cause expectations for higher interest rates in promoting downward trend for gold, where it will push the precious metal to compete to get investors' money with revenue rising rate hike assets.
Rose and the US dollar index, which measures the strength of the dollar against a basket of six major currencies to its highest price in eight months, amid growing expectations for monetary policy tightening in the United States in the coming months.
And become dollar-denominated commodities become more expensive for investors who trade in other currencies when the dollar rises.
A day earlier, gold prices rose $ 7.00, or the equivalent of 0.66%, amid growing geopolitical concerns between Russia and NATO member Turkey, which has boosted demand for the safe haven of the precious metal.
Among the news as well as precious metals, silver futures retreated December / December delivery rose 9.9 cents, or the equivalent of 0.7%, to trade at $ 14.06 per ounce ,. Prices had hit 13.85 dollars per ounce earlier this week, the lowest level since August / August 2009.
Elsewhere in the metals trade, copper futures contracts recorded for March delivery / March its lowest price on Wednesday, as traders deliberately to collect profits from the sharp rise in the previous session, which came on the back of the dollar's decline.
In spite of the strong gains made by the copper on Tuesday, the red metal prices are still not much higher than the lows recorded during the six months and earlier this week, while burdened expectations of higher interest rates in the United States and a slowdown in global economic growth, particularly in the China, on sentiment.
And lost copper futures more than 10% of its value this month, amid continued fears of a slowdown in the global economy, led by China with the impact of the dollar on the rise in commodity prices.
The US markets will be closed on Thursday due to the Thanksgiving holiday, trading will be on Friday by half a day.