The most active gold contract for June delivery fell 8.5 U.S. dollars, or 0.49 percent, to close at 1731.7 dollars per ounce.
The U.S. Dollar Index rose by 0.6 points, or 0.6 percent to a 100.06 level as of 1750 GMT, dampening gold.
Gold was given support as a report released Thursday by the U.S. Department of Labor showed weekly jobless claims at 5.25 million for the week ended April 11.
A report released by the Philadelphia Fed on Thursday showed its manufacturing index at a negative 56.6 reading. Analysts note that any below-zero reading of this measure indicates deteriorating conditions and this particular reading was worse than expected.
The Dow Jones Industrial Average fell by 141.49 points, or 0.6 percent, to a 23,362.86 level as of 1750 GMT.
Silver for May delivery rose 11.7 cents, or 0.75 percent, to close at 15.622 dollars per ounce. Platinum for July delivery fell 11.3 dollars, or 1.4 percent, to close at 793.3 dollars per ounce.
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