(RTTNews) - The price of gold edged down Thursday morning as risk appetite improved after European leaders finalized a deal with private banks and insurers to accept a loss on their Greek government bonds in an attempt to contain the euro zone debt crisis.
Gold for December delivery, the most actively traded contract, eased $6.20 to $1,717.30 an ounce, after gaining over 5 percent in the past three session amid anxiety over EU summit.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,244.16 tons.
Meanwhile, the U.S. dollar slipped toward a 2-month low versus the euro and sterling, while extending its 6-week low against the Swiss franc and lingering near a record low versus the yen.
Elsewhere, the prices of silver and platinum were moving higher in morning deals.
From the U.S., the Labor Department will come out with its weekly jobless claims data at 8.30 a.m. ET. Economists expect the claims to increase to 405,000 from the 403,000 reported last week.
Simultaneously, the Commerce Department is due to release its advance estimates of third quarter GDP. Economists expect GDP growth of 2.5 percent for the quarter following a 1.3 percent expansion in the previous quarter.
Later during the session, the National Association of Realtors will come out with its report on pending home sales.
