Gold futures finished lower on Thursday for a second session in a row as a stronger-than-anticipated weekly report on U.S. jobless claims and the recent rise in yields on the 10-year Treasury note dulled investment demand.Higher yields in Treasury bonds can make gold look less attractive because it doesn’t offer a yield and upbeat economic reports lessen gold’s appeal as a haven investment.
Gold for June delivery GCM5, +0.06% fell $8.10, or 0.7%, to settle at $1,182.20 an ounce on Comex, after settling modestly lower on Wednesday, while July silver SIN5, +0.14% fell 21 cents, or 1.3%, to $16.297 an ounce.
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