NEM - Gold drops below $1800 to lowest since November

Gold (XAUUSD:CUR) and silver (XAGUSD:CUR) futures each fall by more than 2%, weighed by a combination of a decline in U.S. weekly jobless benefit claims, strength in the dollar, and a rise U.S. Treasury yields.April Comex gold -2.3% to $1,792.90/oz., placing the most-active contract on pace for its lowest settlement since late November, and March silver -2.4% to $26.22/oz., after rising 1.8% yesterday following a 10%-plus decline on Tuesday.Gold miners trade broadly lower: [[NEM]] -3.1%, [[GOLD]] -2.2%, [[KGC]] -2.8%, [[AU]] -5.3%, [[AUY]] -3.5%, [[HMY]] -3.9%, [[IAG]] -3.1%, [[KL]] -2.9%, [[AGI]] -3.9%.U.S. weekly jobless claims fell for a third straight week and U.S. dollar is "surging forward," Wolfpack Capital's Jeff Wright says, adding Friday's monthly U.S. employment numbers "will be the key driver to determine whether gold recovers in near term or continues slide toward $1,750."But Wright thinks gold will rebound as dollar strength fades in coming sessions "with mega-stimulus deals

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Gold drops below $1,800 to lowest since November