Gold declined on Thursday as strength in the dollar helped to push prices to their lowest settlement in two weeks.
Investors kept an eye on political tensions, limiting gold's losses week to date, ahead of the U.S. Federal Reserve's monetary policy decision on Wednesday.
April gold fell $7.80, or 0.6%, to settle at $1,317.80 an ounce. That was the lowest finish since March 1, according to FactSet data. So far this week, prices have lost roughly 0.5%.
With the exception of the Japanese yen, the U.S. dollar on Thursday traded higher against many of its main rivals as overall investor appetite for risky assets appeared to wane.
The ICE U.S. Dollar Index which measures the buck against six rivals, rose 0.5% to 90.143. The broader WSJ U.S. Dollar Index was up 0.4% at 83.85.
Against the Japanese yen the greenback fell to ¥106.25, having recovered from session lows, versus ¥106.32 late Wednesday in New York.
Tokyo stocks opened higher Friday, as the yen eased slightly against the dollar, with investors on the sidelines amid lack of fresh market-moving factors and concerns lingering over political risks in the US and Japan.
The benchmark Nikkei 225 index edged up 0.24 percent, or 51.93 points, to 21,855.88 in early trade, while the broader Topix index was up 0.14 percent or 2.49 points at 1,746.09.
The dollar fetched 106.22 yen in early Asian trade, slightly lower than 106.39 yen in New York but...
The rate of layoffs in the U.S. as measured by initial jobless claims fell slightly in early March and clung near a 50-year low ” a boon for workers and a headache for employers looking to hire.
Initial U.S. jobless claims declined by 4,000 to 226,000 in the seven days ended March 10, the government said Thursday. Economists surveyed by MarketWatch had forecast claims to total 228,000.
The more stable monthly average of claims dropped by 750 to 221,500.
The number of people already...
Gold prices remain under pressure as regional manufacturing data showed mixed growth in March, according to two regional Federal Reserve banks.
The New York Federal Reserve said that their manufacturing sectors saw strong growth this month. But at the same time, the Philadelphia Federal Reserve reported slightly weaker than expected growth in the sector.
Gold was under pressure ahead of the data, weighed down by a stronger U.S. dollar. The yellow metal has lost only a little bit more...