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Gold falls ahead of U.S. payrolls data despite weak dollar

Reuters  |  NEW YORK/LONDON 

By Marcy Nicholson and Clara Denina NEW YORK/LONDON (Reuters) - Gold fell on Thursday as the impact of a weaker dollar was offset by positive U.S. economic data that offered hope the labour market continues to expand even as growth has stalled, ahead of Friday's important U.S. nonfarm jobs report.Spot gold fell 0.3 percent to $1,200.10 an ounce by 3:01 p.m. EDT (12.31 a.m. IST). U.S. gold for June delivery slipped $7.30 an ounce to settle at $1,200.90. The metal reversed initial gains after data showed the number of Americans filing new claims for unemployment benefits unexpectedly fell ...

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First Published: Fri, April 03 2015. 00:53 IST