India, Feb. 27 -- Gold prices dropped on Thursday as the U.S. dollar climbed and bond yields rose after President Donald Trump threatened to slap 25% tariff on imports from the European Union.
The dollar index surged to 107.28, gaining about 0.8%.
Gold futures for March closed down $34.60 or about 1.2% at $2,883.20 an ounce.
Silver futures for March settled at $31.801 an ounce, losing $0.471 or 1.46%, while Copper futures for March climbed to $4.5750 per pound, gaining $0.0350 or 0.77%.
In economic news, data from the Labor Department said initial jobless claims rose to 242,000 in the week ended February 22nd, an increase of 22,000 from the previous week's revised level of 220,000. Economists had expected initial jobless claims to inch ...