Gold price down on recovering USD and positive economic data

Singapore (Sept 1)  The gold price fell in the Asia morning trading session on Friday September 1 amid a higher US dollar and positive US economic data.

The spot gold price was quoted at $1,319.95-1,320.30 per oz as of 04:30 GMT, down $0.45. Trade has ranged in the $1,318.62-1,321.93 bracket so far today. The dollar index was up 0.06% at 92.62 in recent Asia morning trading. Data out of the USA on Thursday saw weekly unemployment claims at 236,000, just below the forecast of 237,000....

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