download (2)GOLD prices have closed at their lowest level in six weeks, after jobless claims data pointed to a potentially strong US employment number for July. GOLD for December delivery, the most actively traded contract, on Thursday fell $US14.10, or 1.1 per cent, to $US1,282.80 a troy ounce, the lowest level since June 19 on the Comex division of the New York Mercantile Exchange. The number of US workers claiming unemployment aid rose less than expected last week, hovering near a 14-year low reached earlier in July and indicating the economy continues to slowly find its feet. The Federal Reserve, which has a mandate to boost employment while keeping inflation under control, is closely watching the labour market as the central bank rolls back its bond-buying program and starts to debate when to raise interest rates. Higher rates would hurt gold, which has no yield and would struggle to compete with other haven assets, such as Treasury bonds. More