LONDON, June 2 (Reuters) - Gold extended Thursday's earlier
slide to fall by more than 1 percent in its biggest one-day
decline in a month after a wave of technical selling hit both
gold and silver futures.
Spot gold was last down 1.3 percent at $1,520.92 an
ounce, having risen earlier by as much as 0.4 percent to a
session high at $1,544.16, while August COMEX futures
were down 1.3 percent at $1,523.10 after having broken below
support around $1,530.00.
Gold earlier rose after weaker-than-expected U.S. data cast
doubt about the outlook for growth in the world's largest
economy and hurt the dollar.
Euro-priced gold fell nearly 2 percent, set for
its largest one-day fall since mid-March, to 1,055.73 euros an
ounce, its lowest since May 20, while spot silver fell 3
percent to $35.71 an ounce.
Silver futures fell 5.2 percent to $35.73 an ounce.
(Reporting by Amanda Cooper; editing by Keiron Henderson)
