The most active gold contract for December delivery rose 2.6 U.S. dollars, or 0.16 percent, to close at 1,636.8 dollars per ounce.
The National Association of Realtors reported Thursday that U.S. existing home sales fell 1.5 percent to a seasonally adjusted rate of 4.71 million in September, sagging for the eighth consecutive month. This has happened for the first time since 2007, supporting gold.
The U.S. Labor Department reported Thursday that U.S. initial jobless claims declined by 12,000 from the previous week to 214,000 in the week ending October 15. But the four-week moving average rose by 1,250 to 212,250.
Silver for December delivery rose 33 cents, or 1.8 percent, to close at 18.689 dollars per ounce. Platinum for January delivery rose 34 dollars, or 3.86 percent, to close at 915.1 dollars per ounce.
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