Gold futures plunge over $34 an ounce, log biggest one-day loss in nearly 3 years

New York (Sept 5)  Gold futures fell sharply on Thursday, losing more than $34 an ounce for the biggest one-day dollar loss since November 2016. News that the U.S. and China will hold trade talks next month fed a rally in the stock market and better-than-expected U.S. data on private-sector employment calmed concerns over an economic slowdown. December gold GCZ19, -2.09% fell $34.90, or 2.2%, to settle at $1,525.50 on Comex. Prices for the most-active contract saw its largest one-day dollar loss since Nov. 11, 2016 and biggest percentage loss since June 15, 2018, according to Dow Jones Market Data.

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