(RTTNews) - The price of gold continued to retreat from its record peak for a third session Thursday morning amid a flat dollar.
Gold for June delivery, the most actively traded contract, was down $13.30 to $1,502.00 an ounce. Yesterday gold continued to retreat from its record peak despite a weakening dollar.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, moved down to 1,219.94 tons from 1,224.49 tons.
Meanwhile, the U.S. dollar was struggling for direction versus the euro, ahead of ECB's rate decision and trading flat against the sterling, the Swiss franc and the yen.
The Bank of England today left its key interest rate unchanged at a historic low again as expected and maintained the size of the quantitative easing at GBP 200 billion and the ECB is likely to maintain rates today
Elsewhere, the price of silver continued to retreat from its 31-year peak, hit recently, and platinum moved lower in morning deals.
In economic news, the U.S. Labor Department will release its report on weekly jobs less claims. Economists expect claims to have declined modestly to 410,000.
