Gold books biggest one-day loss in a month

Gold futures settled lower on Thursday, suffering from their largest one-day dollar and percentage declines since mid-December as a climb in U.S. equities helped to dull the metal’s investment appeal.

February gold GCG6, +0.65% fell $13.50, or 1.2%, to settle at $1,073.60 an ounce. That was its lowest settlement since Jan. 5 and the largest dollar and percentage losses since Dec. 17. Prices finished higher Wednesday as U.S. stocks were driven down to lows not seen since August.

Gold prices turned lower Thursday after Wall Street stocks rebounded from early losses. The Dow Jones Industrial Average DJIA, +1.41% was up roughly 1.6% and the S&P 500 SPX, +1.67% was up about 1.8% when gold prices settled.

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