Gold Futures Drop, Settle With a Loss For The Month

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Gold futures dropped 2.3% on Thursday as a rise in U.S. Treasury yields and a drop in weekly U.S. jobless claims dulled investment demand for the metal. June gold fell $27.60, or 2.3%, to settle at $1,182.40 an ounce on Comex. The session's decline caused prices to log a roughly 0.1% loss for the month of April.

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