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Gold futures resumed their recent downtrend Thursday, hitting two-weeks lows as improving stocks diminished gold's safe haven appeal.
Dec. gold settled at $1,318/oz, down $8.10, or 0.6%.
Trades sifted through a pile of mixed U.S. economic data ahead of next week's Federal Reserve rate decision.
Retail sales in the U.S. fell by more than expected in the month of August, the Commerce Department revealed in a report released on Thursday.
The Commerce Department said retail sales dipped by 0.3 percent in August following a revised 0.1 percent uptick in July. Retail sales had been expected to slip by 0.1 percent.
Wholesale prices in the U.S. held steady in the month of August, according to a report released by the Labor Department on Thursday.
The Labor Department said its producer price index for final demand was unchanged in August after falling by 0.4 percent in July. Economists had expected prices to inch up by 0.1 percent.