Gold prices were little changed on Thursday, retreating further from the previous session's seven-week high as the dollar extended gains after U.S. data pointed to a strengthening economy.
The number of Americans filing new claims for unemployment benefits fell last week, while U.S. consumer spending advanced at a brisk clip in November.
Spot gold was up 0.1 percent to $1,228 an ounce. The metal rose to a seven-week high of $1,238.20 on Wednesday, before giving up gains on steadier equity markets.
Gold was still on track for a 2.6 percent weekly gain so far, the biggest since mid-October, as it benefited from a pullback in the dollar over the past few sessions.
U.S. gold futures were flat at $1,229 an ounce.