The most active gold contract for February delivery fell 30.1 U.S. dollars, or 1.65 percent, to close at 1,795.3 dollars per ounce.
U.S. Commerce Department reported Thursday that U.S. real GDP increased at an annual rate of 3.2 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter, reflecting increases in exports and consumer spending.
Rising U.S. dollar also dampened gold.
U.S. Labor Department reported Thursday that U.S. applications for jobless claims for the week ending Dec. 17 inched up by 2,000 to 216,000 from the previous week's 214,000.
Silver for March delivery fell 57.2 cents, or 2.36 percent, to close at 23.622 dollars per ounce. Platinum for January delivery fell 17.4 dollars, or 1.74 percent, to close at 984.6 dollars per ounce.
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