Gold Declines for First Time in Five Sessions

Gold prices declined on Thursday, following four consecutive daily rises, as the United States Treasury yields rose following the decline in jobless claims in the U.S.

The decline of the yellow metal comes as the U.S. Dollar (USD) has been fluctuating in a tight range today.

Gold futures for April delivery dropped by $15.90, or 0.9%, to close at the level of $1,826.80 per ounce.

Meanwhile, silver futures for March delivery lost 3 cents, or 0.1%, to finish at $27.047 per ounce.

The expected large new stimulus package in the U.S. is still providing support for gold futures, as today’s decline did not completely erase the yellow metal’s weekly gains.