MW: Gold futures dip on firm dollar, jobless claims
By Nick Godt
NEW YORK (MarketWatch) -- Gold futures fell on Thursday, pressured by a firmer dollar amid mounting risk aversion after the government reported a rise in U.S. jobless claims in the latest week. Gold for December delivery lost $6.80, or 0.6%, to $1,057.70 an ounce. The thinly traded October contract lost $6.50, or 0.6%, to $1,057.20 an ounce. First-time claims for state unemployment benefits rose rose 11,000 to 531,000 in the week ended Oct. 17. It's the highest level since the week ended Sept. 26. Claims had fallen 34,000 in the prior two weeks.
