Gold up slightly after 4-session loss

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Xinhua, Chicago :
Gold futures on the COMEX division of the New York Mercantile Exchange rebounded slightly Thursday after a four-session loss.
The most active gold contract for August delivery rose 2.3 U.S. dollars, or 0.19 percent, to settle at 1,188.80 dollars per ounce.
A report released on Thursday by the U.S. Department of Labor showed slightly worse-than-expected jobless claims, with initial claims increasing by 7,000 to 282,000 during the week ended on May 23. Analysts noted that the figure was bullish for gold, but not strong enough.
The National Association of Realtors said that the pending home sales jumped 3.4 percent in April to a seasonally adjusted level of 112.4.
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