US gold futures held at lower levels into the close on Thursday, after a quick bout of selling around midday hit prices, and analysts said investors became more willing to take on risk with equities and bond yields both climbing higher. August COMEX gold futures closed down $2.80 at $1,196.10 an ounce on the COMEX metals division of the New York Mercantile Exchange.
Range extended to a low at $1,187.30 from a $1,208.20 an ounce high. In late trade, gold cut most of its losses immediately after The Federal Reserve reported that US consumer credit plunged by $9.15 billion in May.
COMEX estimated final gold volume at 126,195 lots. Spot gold at $1,197.25 an ounce by 2:47 pm (1847 GMT) was down from $1,201.85 late in the previous session. COMEX September silver lost 12.80 cents to $17.8720 an ounce by the close. Spot silver was down at $17.92 an ounce from $18.00 an ounce late in the previous session.
NYMEX October platinum dropped $10.0 to end at $1,516.40 an ounce. Spot platinum was down at $1,510.50 an ounce from $1,523.50 an ounce in late Wednesday business. September palladium fell $2.05 to $444.40 an ounce. Spot palladium was modestly lower at $443.0 an ounce than $446.0 in late Wednesday trade.
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