Gold suffers biggest one-day percentage loss since August

Gold futures on Thursday suffered from their largest one-day percentage loss since August, settling below $1,300 for the first time in two weeks, as strength in the dollar contributed to a third straight session decline. April gold fell by $20.60, or 1.6%, to settle at $1,289.80 an ounce on Comex. June gold , which now the most-active contract, lost $21.60, or 1.6%, to finish at $1,295.30. Prices based on the most-active contracts haven't settled below $1,300 since March 14, according to FactSet data.

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