Gold futures fell slightly Thursday, breaking a three-session gaining period
Gold futures fell slightly Thursday, breaking a three-session gaining period, when the price soared over $7 per ounce.
James Moore, an analyst at TheBullionDesk.com, noted that the European Central Bank's Thursday?s decision to leave interest rates unchanged at 2 percent has failed to have much of an effect on the markets.
Participants in the metals market are continuing to assess the U.S. November trade report released Wednesday along with the week's other economic data, Moore said.
US Gold futures closed $1.50 lower on the Comex division of the New York Mercantile Exchange, after the slight rally of the U.S. dollar versus its rivals snuffed out buying interest in bullion.
The stronger US currency muted as always the demand for gold, and spurred short term holders of gold to sell into the market as prices
The most active February contract settled down $1.50 to $425.10 per ounce.