The price of gold was steady near $1,545 Thursday morning as the U.S. dollar turned weak after a slew of downbeat economic data.
Gold for August delivery, the most actively traded contract, edged up $1.30 to $1,544.50 an ounce. Yesterday, gold settled up after data from the U.S. revealed disappointing private sector jobs creations and manufacturing sector saw only modest growth in the month of May.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, moved up to 1,212.87 tons from 1,210.74 tons.
Meanwhile, the U.S. dollar dipped to a monthly low versus the euro and paring recent gains against sterling. The buck was ticking lower versus the Swiss franc and the yen.
The results of a survey by Markit showed that the British construction sector activity gained steam in May. The purchasing managers' index rose to 54 in May from 53.3 in April.
Elsewhere, the price of silver moved down, while platinum was ticking higher in morning deals.
In economic news, the U.S. Labor Department will release its weekly jobless claims report at 8.30 a.m. ET. Economists expect the claims to come in almost flat at 425,000.
