Gold futures logged their biggest one-day dollar and percentage decline on Thursday as global stock markets bounced back and investors worried that the metals market may fall victim to a selloff by traders looking for cash to cover losses.February gold GCG6, +0.25% fell by $8, or 0.7%, to settle at $1,098.20 an ounce on Comex, after settling Wednesday at $1,106.20—the highest settlement for a most-active contract since Jan. 7, according to FactSet. The losses were the biggest for a single session since Jan. 14.
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