Gold prices on Thursday gave back some of the gains they notched a day earlier and then some after a jump in consumer prices in the U.S. and a drop in jobless claims pointed to an economy on the mend, dulling the precious metal’s safe-haven appeal.
Gold for June delivery GCM4 +0.32% fell $12.30, or 0.9%, to settle at $1,293.60 an ounce on the Comex division of the New York Mercantile Exchange.
July silver SIN4 +0.13% fell 29 cents, or 1.5%, to end at $19.48 an ounce on Comex, pulling back in the wake of a 1.2% climb on Wednesday.
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July silver SIN4 +0.13% fell 29 cents, or 1.5%, to end at $19.48 an ounce on Comex, pulling back in the wake of a 1.2% climb on Wednesday.
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