New York gold futures finished a hair lower on Thursday as the dollar rose on the back of positive US economic data, but the metal should resume its upward trend due to bullish fundamentals.
The active US gold contract for April delivery on the COMEX division of the New York Mercantile Exchange settled down 40 cents to $US948.80 an ounce, after trading between $US940 and an overnight peak of $US955.20 - the highest level since March 19.
Spot gold traded at $US951.80/952.60, compared with $US949.00/949.80 at the close Wednesday. The London afternoon gold fix was $US946.75 an ounce.
