Gold and silver slipped on Thursday, as the dollar and U.S. Treasury yields gained and markets awaited clarity on U.S. fiscal stimulus measures and the Bank of England’s policy outlook.

Spot gold dropped 1.2% to $1,812.50 per ounce by 1039 GMT, after earlier touching a two-month low. U.S. gold futures fell 1.3% to $1,811.90.

Spot silver dropped 1.5% from the previous close to $26.46. Prices declined more than 12% since scaling a near eight-year peak of $30.03 on Monday, as a GameStop-style retail frenzy fizzled out.

-CNBC