Gold futures ended higher on Thursday after European Central Bank President said ECB policymakers would discuss potential changes to the bank's bond-buying scheme in the autumn, lifting the euro to a 14-month high. Meanwhile, the Labor Department released a report showing that a much bigger than expected decrease in first-time claims for US unemployment benefits in the week ending July 15th. Initial jobless claims fell to 233,000, a decrease of 15,000 from the previous week's revised level of 248,000.Gold futures for August delivery gained $3.50 or 0.3 percent, to settle at $1,245.50 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 0.4 percent at $1,244.92 an ounce.
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