Gold Prices in International Level

INTERNATIONAL   |  JAKARTA   -  Gold futures prices on the COMEX division of the New York Mercantile Exchange fell on Thursday local time as the US dollar strengthened.

The most-active gold contract for December delivery fell 1.3 dollars, or 0.07 percent, to close at 1,783.1 dollars per ounce.

Upbeat US economic data released on Thursday also dampened gold prices. The US Department of Labor reported that US workers filed 348,000 initial jobless claims for the week ended August 14, down 29,000 from the previous week and the lowest in 17 months.

Investors reacted to the minutes of the Federal Open Market Committee (FOMC) meeting released on Wednesday. The minutes stated "most of the members were in favor of early tapering".

Silver for September delivery fell 19.2 cents, or 0.82 percent, to close at 23.23 dollars an ounce. Platinum for October delivery fell 25.2 dollars, or 2.53 percent, to close at 971.2 dollars per ounce.