By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) — Gold futures briefly extended a decline then recovered a bit Thursday after U.S. economic reports showed jobless claims slipped and durable-goods orders fell a bigger-than-expected 1.3%.
A separate report showed consumer spending and income rose last month. Read more about consumer spending.
Gold for March delivery (GCG11 1,376, -11.10, -0.80%) fell $10.70, or 0.8%, to $1,378.60 an ounce.
Copper for March delivery (HGH11 423.30, -4.20, -0.98%) lost 1% to $4.23 a pound. Silver (SIH11 2,911, -27.50, -0.94%) dropped 0.9%, while platinum (PLF11 1,720, -10.90, -0.63%) slipped 0.6%.
Palladium (PAH11 752.40, -2.75, -0.36%) declined by 1.3% earlier, then pared losses to trade at $752.50 an ounce, down 0.4%.
All markets are expected to see low volume on the last trading session before the Christmas holiday is observed.
