Weekly initial jobless claims print Thursday at 8:30 a.m. ES. This could send more signals to traders of the precious metal as to where the unemployment rate may be headed in January. Import and export prices in the U.S. come out on Friday, which could be a decent gauge of the inflation environment.
Gold mining stocks were mostly lower on Wednesday. Shares of
(RGLD) were off 1.9%, but shares of
(GOLD) were adding 0.62%.
Among volume leaders,
(AUY) was adding 0.27%, and
(NEM) was retreating by 1.7%.
SPDR Gold Trust
(GLD) was slipping 0.06%, and
iShares Gold Trust
(IAU) was effectively unchanged at $16.12 a share.
-- Written by Joe Deaux in New York.