Gold and silver futures declined on Thursday, with silver dropping by nearly 5%, while copper prices marked their lowest finish since November. Some commodities, including gold, copper, and silver, fell sharply Thursday because of a rebound in U.S. dollar and concerns over China,” said Fawad Razaqzada, market analyst at StoneX. “The weakness in Chinese inflation data has intensified concerns about demand from the world’s second largest economy, where the recovery appears to be fading alarmingly.” July silver SIN23 fell $1.23, or 4.8%, to settle at $24.42 an ounce, posting the biggest one-day percentage decline since February, according to Dow Jones Market Data. July copper HGN23 lost 13 cents, or 3.4%, to end at $3.71 a pound, the lowest finish since Nov. 29. June gold GCM23 shed $16.60, or 0.8%, to settle at $2,020.50 an ounce.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.