Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September 2011, but the haven metal held ground above $1,800 an ounce after data showed weekly U.S. jobless claims remained well above one million.

August gold fell $16.80, or 0.9%, to settle at $1,803.80 an ounce, a day after the most-active contract rose 0.6% to settle at $1,820.60, the highest since Sept. 14, 2011, according to FactSet data. Prices on Thursday touched a low of $1,799.60.

Meanwhile, September silver lost 20 cents, or 1%, at $18.962 an ounce, following its 2.5% surge on Wednesday to the highest level for a most-active contract since September 2019. For the week, silver futures have gained more than 3% so far.

Source: Marketwatch