Gold futures settled lower on Thursday, suffering from their largest one-day dollar and percentage declines since mid-December as a climb in U.S. equities helped to dull the metal’s investment appeal.
February gold GCG6, -0.86% fell $13.50, or 1.2%, to settle at $1,073.60 an ounce. That was its lowest settlement since Jan. 5 and the largest dollar and percentage losses since Dec. 17. Prices finished higher Wednesday as U.S. stocks were driven down to lows not seen since August.
US:GCG6
$1,070$1,080$1,090$1,100
Gold prices turned lower Thursday after Wall Street stocks rebounded from early losses. The Dow Jones Industrial Average DJIA,