Gold falls as dollar gains ground, stocks stabilize

Gold lost ground on Thursday as the dollar advanced against major rivals and stocks stabilized amid improving risk appetite. 

US unemployment claims fell to 222 thousand in the week ending November 12, down from 226 thousand in the previous reading, and below estimates of 228 thousand. 

Earlier data this week showed US producer prices rose 0.2% in October, below estimates of a 0.4% increase.

Such data shows inflation is indeed slowing down, which might mean a slower pace of rate hikes and policy tightening by the Fed.

The dollar index rose 0.4% to 106.7 as of 18:22 GMT, with a session-high at 107.2, and a low at 106.1. 

Gold spot futures fell 0.7% as of 18:23 GMT, or $13 to $1,762 an ounce.