Gold Set For Quiet End To 2015

Gold was little changed in quiet dealing as traders worldwide prepared to pop the cork in celebration of the new year.

There was some reaction to downside when the Labor Department said U.S. jobless claims jump 20,000 to 287,000, but prices quickly rebounded within a tight recent trading range.

Gold for February was up 1 dollar at $1060 an ounce, staying away from recent 6-year lows near $1045.

Gold is set to end the year down almost 11 percent, with most losses in the build up to the Federal Reserve’s December rate hike.

The material has been provided by InstaForex Company –