Gold dropped after U.S. jobless claims data and consumer prices pointed to a firming economy that reduced gold's risk premium.
New applications for U.S. unemployment benefits hit a seven-year low last week while consumer prices recorded their largest increase in 10 months in April
SPDR gold trust holdings gained by 1.79 tonnes i.e. 0.23% to 782.25 tonnes from 780.46 tonnes.
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