The market digested weaker-than-expected U.S. inflation data, reducing the attractiveness of gold as an inflation hedge, and gold prices fell slightly on Thursday.
Spot gold was down $5.7 or 0.1% to $4,332.6 per ounce. February gold futures fell $9.4 or 0.2% to $4,364.5 per ounce.
March silver futures dropped 2.5% to $65.219 per ounce.
March copper prices edged up to $5.4375 per pound.
January platinum prices rose 1.2% to $1,960.9 per ounce.
March palladium prices increased 3.2% to $1,774.8 per ounce

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Due to weaker-than-expected U.S. inflation data, the appeal of gold as an inflation hedge has decreased, leading to a slight decline in gold prices. Spot gold fell by $5.7 to $4,332.6 per ounce, and February futures gold dropped by $9.4 to $4,364.5 per ounce. Other metal price changes include a decline in silver prices, a slight increase in copper prices, and rises in platinum and palladium prices

"Commodities" digest U.S. inflation data, gold prices slightly decline