Thursday, 6 June 2013

Reuters: Gold slips ahead of ECB, U.S. data, India demand worries weigh

Gold edged lower on Thursday, ahead of key U.S. jobs data and a European Central Bank (ECB) policy meeting later, while a gold import duty hike in India raised worries about future demand.

The Indian government raised imports tax on the metal for the second time this year on Thursday.

Spot gold fell 0.3 percent to $1,399.16 by 0944 GMT. U.S. gold futures for August delivery were unchanged at$1,398.10 an ounce.

The metal had gained slightly on Wednesday as investors looked for safer assets after a private U.S. jobs reading fell short of expectations.

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