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Gold futures trade higher after jobless claims falls to pandemic low

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Contracts for gold on Thursday were trading solidly higher after reports on the U.S.s economic recovery from the COVID pandemic. U.S. retail sales minus autos & gas rose 8.2% in March and U.S. initial jobless claims fell to 576,000 in the latest week. June gold GCM21, +1.77% traded 0.7% higher at $1,749.10 an ounce on Comex.