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9/2, 7:12 PM (Source: TeleTrader)
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Precious metals down after US data

Precious metals traded lower on Thursday after several economic data updates from the United States came in surpassing analysts' projections and possibly impacted market sentiment. The latest US jobless claims, trade deficit and factory orders figures were better than expected, boosting confidence in the world's strongest economy and possibly prompting investors to sell safe-haven assets.

Gold decreased 0.29% to $1,808.70 per ounce at 1:06 pm ET. Silver fell by 1.05% to sell for $23.89 per ounce a minute later.

Platinum lost 0.64% to change hands for $998.98 per ounce at 1:07 pm ET. Palladium dropped 1.62% to $2,404.66 per ounce at 1:08 pm ET.

Breaking the News / MS