LONDON: Gold fell below $1,200 an ounce on Thursday, as the impact of a weak dollar was offset by a positive round of US economic data offering hopes the labour market continues to expand even as growth has stalled, ahead of Friday’s crucial nonfarm report.
Spot gold fell 0.6 per cent to $1,196.35 an ounce by 1441 GMT. After a 2.4pc slide in March, the metal climbed 1.8pc on Wednesday, the biggest single-day rally since Jan 30.
US gold for June delivery slipped $11.60 an ounce to $1,196.60.
Spot silver fell 1.7pc to $16.61 an ounce.
