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.
More on Commodities
|7 Hot Commodity Plays for High Inflation |
New York spot palladium prices were down $15, or 3.4%, to $428 an ounce.
Stockpickr.com. Follow Andrea Tse on Twitter and become a fan on Facebook.