Gold prices settled modestly higher on Thursday, logging a third straight daily gain, as investors shrugged off a bigger-than-expected rise in U.S. jobless claims, while conciliatory comments from Russian President Vladimir Putin eased jitters about the Ukraine crisis that had prompted some safe-haven buying of bullion.
The number of Americans filing new claims for unemployment benefits rose more than expected last week. But analysts said the four-week average of claims remained consistent with solid job gains, analysts said.
Analysts said some recent U.S. economic indicators have fed investor skepticism about whether the U.S. economy is definitely out of the woods. Gold prices have been under pressure due to speculation that a stronger economy could encourage the Federal Reserve to raise interest rates soon.