Gold Pulls back After Prior-Session Rally

Gold prices were headed back down again on Thursday on the heels of a nearly 3% gain in the prior session.

Gold for December delivery GCZ3 -0.66% fell $5.40, or 0.4%, to $1,315.40 an ounce, after gaining $34.60, or 2.7%, to settle at $1,320.70 an ounce on Wednesday when it found support from disappointing economic data.

Among other metals, December silver SIZ3 -1.06% fell 10 cents, or 0.4%, to $21.79 an ounce. January platinum PLF4 -0.19% fell $1 to $1,392.40 an ounce, while December palladium PAZ3 -0.35% fell $1.30 to $719.90 an ounce. Copper for December deliveryH GZ3 +0.11% rose 1 cent to $3.32 a pound.

Source: Marketwatch

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