Gold rose in thin trade for a second session on Thursday, boosted by a rally in equities and commodities after new liquidity measures from the European Central Bank fuelled economic optimism. Silver jumped more than 5 percent, rising in tandem with industrial commodities led by copper and crude oil, as encouraging US jobless claims data triggered gains across the board ahead of Friday's key nonfarm payrolls report.
Spot gold was up 0.6 percent at $1,651 an ounce by 2:41 pm EDT (1841 GMT). Silver rose 4.8 percent to $31.84 an ounce, its biggest one-day gain in nearly two months. Bullion has ended higher in five of its last six sessions, on track to post its first weekly rise in the past five weeks.
US gold futures for December delivery settled up $11.60 at $1,653.20 an ounce. US COMEX futures' trading volume was thin for a second straight day at about 55 percent below its 30-day average, set to be the weakest since June, Reuters preliminary data showed. Platinum group metals rose on the back of a 5-percent rally in copper. Spot platinum gained 1.7 percent at $1,510.74 an ounce, while spot palladium added 5.4 percent at $601.22 an ounce. (Editing by Dale Hudson).
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