Gold, silver see some price pressure ahead of key U.S. data

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( Kitco News ) – Gold and silver futures prices are weaker in early U.S. trading Thursday. The precious metals have been hit by a stronger U.S. dollar index this week. The precious metals have not seen much safe-haven demand amid a U.S. stock market that has become wobbly this week. December gold futures were last down $4.50 at $1,874.40 and December Comex silver was last down $0.194 at $23.16 an ounce.

There is important U.S. economic data due for release Thursday morning, including the weekly jobless claims report, which is forecast to show a rise of around 780,000 claims. The advance third-quarter GDP estimate is forecast up a record 32% from the second quarter. Pending home sales […]

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