Gold closes lower, gives up 9-year high

Gold futures fell Thursday, as the US dollar rose against most majors, which pushed the precious metal below its nearly 9-year peak that was hit Wednesday.

The World Health Organization warned that the virus has not reached it peak yet and it's still spreading at a high rate.

The US unemployment claims reached 1.314 million during the past week, beating economists' forecasts of 1.37 million.

The dollar index rose against a basket of currencies by 0.3% to 96.7 points as of 19:04 GMT, after hitting an intraday high of 96.8 a low of 96.2.

Gold August futures fell 0.9% to close at $1,803.8 an ounce, after closing at the highest level since September 2011 yesterday at $1,820.6, with a day high of $1,825.5 and a low $1,799.6 .