Gold and silver prices declined on Thursday, affected by the rise of the dollar following the release of U.S. job data for January, which surpassed expectations and reduced bets on an imminent interest rate cut.
Spot gold fell by 0.3% to $5,065.98 an ounce, after finishing the previous session with gains exceeding 1%.
April futures for gold dropped by 0.2% to $5,087.30 an ounce.
Silver prices in spot trading decreased by 0.3% to $83.81 an ounce, following a nearly 4% rise on Wednesday.
In other precious metals, platinum fell by 0.3% to $2,126.52 an ounce, while palladium rose by 1.4% to $1,722.67.
