Spot gold fell 0.4 percent to $4,030.09 per ounce by 0333 GMT, with prices more than $130 below the two-week high reached on Wednesday. US gold futures for August delivery declined 0.4 percent to $4,033.20.

Spot silver was down 0.7 percent at $57.29 per ounce, but was headed for a weekly gain of 2.5 percent. Platinum fell 1.3 percent to $1,579.49 and palladium dropped 1.5 percent to $1,237.50, both on track for a weekly drop.