0205 GMT [Dow Jones] Gold on a sticky wicket Thursday with volatile price action in thin market with U.S. closed for Thanksgiving holiday tonight. Spot gold at $1,371.80/oz, down 80 cents after trading as high as $1,382.50 overnight. MKS Finance says "very large offers" at $1,377 preventing any sustained advance. Hard to see gold breaking out today with political tension on Korean peninsula turning into background factor, regional equity markets mixed. Euro-zone debt issues still most likely driver with EUR/USD struggling at 1.3317 only just above overnight low of 1.3282. "We believe sovereign credit risk in Europe, combined with the physical market should see gold in euro-terms outperform gold in dollar-terms for the time being," says Standard Bank. Gold in EUR at EUR1028.35/oz, down EUR1.70, but has gained 4% this week vs spot gold gain of 1.3%.(james.campbell@dowjones.com)
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