US gold futures ended lower in choppy trade on Thursday as a strong dollar and widespread liquidation across the board amid a tight credit environment could cap bullion's gains. December settled down $13.30, or 1.9 percent, at $705.00 an ounce on the COMEX division of the New York Mercantile Exchange.
COMEX estimated 1:00 pm EST (1800 GMT) volume at 129,141 lots, and options turnover at 11,564 contracts. Spot gold at $714.20 at 1:56 pm EST (1756 GMT), up 0.5 percent from Wednesday's close. December silver ended down 68.00 cents, or 7.2 percent, at $8.800 an ounce. COMEX estimated 1:00 pm volume at 21,005 lots. Spot silver at $9.04, down 2.7 percent from Wednesday's close.
NYMEX January platinum finished down $12.10, or 1.5 percent, at $813.00 an ounce. Platinum, mostly used as an industrial metal for catalytic converters in cars, followed a bounce of base metals and gold's gains. Spot platinum fetched $809.50, up 0.1 percent from Wednesday's finish. December palladium ended down $2.05, or 1 percent, at $213.95 an ounce on broad-based commodity strength. Spot palladium fetched $212.50, up 1.2 percent from its previous close.
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