Spot gold prices were losing $35.90, or 2.9%, to $1,206.50 an ounce Thursday afternoon.
NEW YORK ( TheStreet) -- Spot gold prices have been falling Thursday afternoon as general investment sentiment took a beating amid weak economic data that included a sharp decline in May pending home sales and a larger-than-expected increase in initial jobless claims.
New York spot silver prices were falling 76 cents, or 4.1%, to $17.86 an ounce.
New York spot platinum prices, meanwhile, were surrendering $38, or 2.5%, to $1,495 an ounce, while its sister metal was losing ground.
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