Gold futures were flat Thursday as U.S. stocks surged on upbeat corporate earnings. The Dow Jones Industrial Average was up 200 points in afternoon dealing.
With risk appetite picking up, there was less demand for safe haven assets such as gold.
June gold settled at $1,283.80/oz, up 40 cents for the session. Gold recently hit 5-month highs amid geopolitical tensions and uncertainties about Trump administration fiscal policies.
In economic news, U.S. initial jobless claims rebounded in the week ended April 15th, roughly in line with estimates. First-time claims climbed to 244,000, an increase of 10,000 from the previous week's unrevised level of 234,000.
by RTT Staff Writer
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