US jobless claims and unit labors costs data came in weaker than expected today, but the USD shrugged off the disappointing figures and continued its march higher. The USD index is approaching multi-month highs and gold is feeling the pain as a result. Gold fell for the sixth consecutive trading session today and is tenuously floating above psychological support at $1,100. Should this area give, it will likely be a swift move down to major support at $1,075, the low from this year as well as the five year low. Federal Reserve Bank of Atlanta President Dennis Lockhart commented at a central bank conference in Switzerland that an interest rate hike would soon be appropriate. This commentary encouraged further short selling of gold today. Be sure to keep an eye out for US unemployment rate and non-farm employment change data out tomorrow at 5:30 AM PST.