Gold futures on Thursday posted a modest loss for the month as a rise in U.S. Treasury yields and drop in the nation’s weekly jobless claims dulled investment demand for the metal, sending prices down by more than 2% for the trading session.Gold for June delivery on Comex GCM5, -0.01% sank $27.60, or 2.3%, to settle at $1,182.40 an ounce. Based on the most-active contracts, the metal lost less than 0.1% in April. Prices haven’t settled at a level this low since Friday.
July silver SIN5, +0.04% dropped 54.9 cents, or 3.3%, to $16.153 an ounce, down roughly 2.7% from the close of the most-active contract on March 31.
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