NEW YORK (MarketWatch) — Gold futures extended losses Thursday as stronger-than-expected data on weekly U.S. jobless claims and May retail sales underscored expectations the Federal Reserve will begin scaling back monetary stimulus in coming months.
Gold for August delivery /quotes/zigman/6585799 GCQ3 -1.01% fell $9.30, or 0.7%, to $1,382.40 an ounce on the New York Mercantile Exchange.
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