Pandit Ji Live Gold News Updates; Gold prices advanced on Thursday as the dollar weakened after flirting with 16-months highs in the previous session on the bullish private jobs report:

Gold Prices Advance as Dolla:

© Reuters.  Gold prices advanced on Thursday

Gold futures for December delivery on the Comex division of the New York Mercantile Exchange gained 0.4% at $1,219.8 a troy ounce by 1:20 AM ET (05:20 GMT).

The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.1% to 96.70. The dollar traded near 16-month highs on Wednesday after data showed the private payrolls grew by 227,000 for the month, above the 218,000 seen in September and economists’ forecasts of 189,000.

Gold posted a 2% gain for October, its highest since January. Just last week, it was headed for a monthly gain of nearly 4%.

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