Gold slightly lower following U.S. data points

Gold futures are trading slightly lower at this hour in Thursday’s Asian session as traders digest a pair of data points that underscore the notion that the U.S. economy, the world’s largest, is on solid footing.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery fell 0.08% to USD1,587.10 per troy ounce in Asian trading Thursday after settling lower by 0.33% at USD1,586.50 a troy ounce in U.S. trading on Wednesday.

Gold futures were likely to test support USD1,574.60 a troy ounce, Monday's low, and resistance at USD1,1619.40, the high from Feb. 26. [Via]

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