By Clara Denina LONDON (Reuters) - Gold gained nearly one percent in thin year-end holiday trade on Thursday, but was still set for its biggest annual loss in three decades as investors switch to rallying equities on optimism about a global economic recovery. Signs that the U.S. labour market is improving - data on Thursday showed weekly jobless claims decreased 42,000 to a seasonally adjusted 338,000 last week - propelled the price of more industrial precious metals higher, with spot platinum heading for its biggest daily gain since October 17, up two percent. Spot gold, flat initially, rose as much as 0.9 percent to a one-week high of $1,215.70 an ounce earlier and was trading up 0.8 percent to $1,213.60 by 1519 GMT.
via Business News - Yahoo Finance http://finance.yahoo.com/news/gold-steady-set-biggest-annual-loss-three-decades-045725889--finance.html
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