Gold recovered from the 3% loss recorded last session as US employment data took a turn for the worse with unemployment claims unexpectedly topping one million again, while the Federal Reserve minutes reiterated concerns over economic recovery.
Spot gold gained 0.8% to $1,946.03 per ounce by 12:30 p.m. EDT Thursday, while US gold futures fell 0.9% to $1,951.90 per ounce in New York.
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