(RTTNews) - Gold futures were down Thursday in New York, as the dollar pared its recent losses versus European rivals.
Commodities were generally weaker after disappointing economic news from China.
Despite this morning's modest losses, gold kept most of its gains from the previous few sessions, supported by its safe haven appeal.
Gold for December delivery was down $11.90, or 0.7 percent at 1,670.70.
The U.S. Commerce Department is set to release its trade balance report at 8:30 am ET. Economists estimate that the trade gap widened to $46 billion in the month from a deficit of $44.8 billion in July.
