Gold fell 2 percent on Thursday, its biggest one-day drop in over a month, after disappointing US jobless claims data hit investor risk appetite and boosted the dollar, pummelling commodity and stock markets. Spot gold was down 2.2 percent at $1,514.54 an ounce by 2:46 pm EDT (1846 GMT), and bullion priced in other currencies such as euros, sterling and Swiss francs also came under pressure.
US August gold futures settled down $32.90 at 1,520.50, after trading between $1,511.50 and $1,549.60. Silver fell 4.3 percent to $34.77 an ounce, while platinum and palladium fell over 3 percent. Trading volume totalled nearly 220,000 lots, in line with its 30-day average, bucking a trend of weak turnover. Silver futures trading activity was also one-third higher than its 30-day norm, consistent with stronger volume in the previous session. Among platinum group metals, platinum was last down 3.2 percent at $1,690.49 an ounce, while palladium was down 3.5 percent at $739.
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