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Drop in U.S. jobless claims also keeps gold under pressure

SAN FRANCISCO (MarketWatch) — Gold prices on Thursday gave back some of the gains they notched a day earlier and then some after a jump in consumer prices in the U.S. and a drop in jobless claims pointed to an economy on the mend, dulling the precious metal’s safe-haven appeal.

Gold for June delivery GCM4 -0.72%  fell $12.30, or 0.9%, to settle at $1,293.60 an ounce on the Comex division of the New York Mercantile Exchange.

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