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Direct: The price of gold fell the most in 3 weeks at the close on Thursday, while the metal lost nearly 9 dollars after the ECB decision.
The fall of the yellow metal comes after the decision of the European Central Bank to set interest rates. The markets were hoping the bank would make a quick decision to cut borrowing costs.
The bank's president, Mario Draghi, has been shown to be less cautious and pessimistic than the markets thought, highlighting the weak prospects of a euro zone economy in recession.
In the United States, economic data has shown today that unemployed claims have fallen unexpectedly, while the trade deficit has declined less than expected.
Investors are considering the Fed meeting next week with widely held expectations that it will lead to a rate cut.
In settlement, gold futures for delivery in September fell 0.6%, or $ 8.9, to $ 1414.70 an ounce, which represents the biggest daily loss since the 5 July.
At 17:49 GMT, the spot price for the yellow metal dropped 0.7%, or about $ 10, to $ 1415.65 an ounce.
During this period, the leading dollar index, which measures the performance of the currency against six major currencies, increased by 0.1% to 97.826.
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