This is gold's highest closing price since October 17.Weak Dollar made Gold reach monthly high on COMEX division of New York Mercantile Exchange.
This week, U.S. Department of Labor said number of individuals filing for initial jobless benefits in the week ending November 17 declined to a seasonally adjusted 410000, in line with expectations.
Jobless claims for the preceding week were revised up to 4,51,000.
On currency front, Dollar fell by 2% against the Euro to 1.2977 as European data supported the local currency.
German Institute of Economic Research said that business climate index increased to 101.4 in October compared to 100 in the month of September. In France, the business confidence rose more than expected. INSEE said that French Business Confidence increased to 88 in the quarter ending September 2012, compared to 85 in the previous quarter.
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