Gold holds above $1,300 with U.S. data in focus
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Gold remains above $1,300 ahead of U.S. data
On the Comex division of the New York Mercantile Exchange, goldfor June delivery shed 0.29%, or $3.80, to trade at $1,302.10 a troy ounce during European morning hours.
Prices held in a range between $1,301.50 and $1,307.30 an ounce. Gold climbed to $,1309.20 an ounce on Wednesday, the most since May 7, before settling at $1,305.90, up 0.86%, or $11.10.
Gold prices were likely to find support at $1,289.10 an ounce, the low from May 13 and resistance at $1,315.00, the high from May 7.
Also on the Comex, silver for July delivery declined 0.21%, or 4.2 cents, to trade at $19.73 a troy ounce.
The U.S. is to release data on initial jobless claims, consumer inflation and industrial production, as well as a report on manufacturing activity in the Philadelphia region later Thursday.
In the euro zone, data released earlier showed that growth in the French economy stalled in the first three months of the year but growth in Germany beat forecasts.
Official data showed that French gross domestic product was flat in the first quarter, disappointing expectations for growth of 0.2%, as consumer spending slumped.
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