28.06.201807:21:00UTC+00Gold Extends Lousy Run

Gold futures were lower Thursday morning as U.S. stocks were poised to steady after significant recent losses.

Gold was down $2 at $1258/oz, the lowest in more than six months. A stronger dollar and rate hike expectations have diminished golds value in 2018.

An updated estimate on U.S. first-quarter economic growth is set for 8:30 a.m. Eastern Time, with economists expecting at least 2.2% growth.

Weekly jobless claims are also on tap, with economists forecasting 220,000 claims.

Globally, attention will be paid to the two-day European Union meeting on migration policy that's kicking off in Brussels today.

European stocks were lower at mid-day in Paris.