Gold futures edge lower ahead of U.S. data

Source: Investing.com
© Scanpix/Reuters
Gold futures declined on Thursday, as US data on monetary policy and economy strength had taken too long to wait for. Gold prices for February dropped 0.22% to $1208 per troy ounce, compared to yesterday's loss of $8.70 to $1210.70. During 2014 gold slid approximately 2% due to speculation that the Fed will start raising rates sooner rather than later. However, the Fed's minutes barely had an affect on expectation that this year interest rates will rise later. 
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