(RTTNews) - The price of gold was little changed Thursday morning even as the U.S. dollar continued to trade firm versus a basket of currencies.
Gold for December delivery, the most actively traded contract, edged down $0.10 to $1,372.90 an ounce. Yesterday, gold ended lower after data revealed that new claims for unemployment benefits in the U.S. hit their lowest level in more than two years last week and consumer spending rose for a fourth straight month in October, suggesting recovery in the economy.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,285.08 tons.
Meanwhile, the U.S. dollar advanced to a 2-month high against the euro and the Swiss Franc, while rising to a fresh 1-month high versus sterling. The buck was trading firm against the yen.
Elsewhere, the prices of silver and platinum were relatively flat in morning deals.
