Gold is sliding to its lowest price in more than a month as reports of an improving U.S. economy weakens the metal's appeal.

Gold is sliding to its lowest price in more than a month as reports of an improving U.S. economy weakens the metal's appeal.

Gold for April delivery fell $8.70 to settle at $1,294.70 an ounce Thursday. That's the lowest settlement price since Feb. 11.

The government estimated that the U.S. economy expanded at a 2.6 percent rate in the October-December quarter, slightly better than previously thought. Consumer spending rose at the fastest pace in three years.

Most other metals fell. Silver for May lost 7 cents to $19.71 an ounce.

July platinum fell $9.10 to $1,398.40 an ounce, while palladium for June fell $20.65, or 3 percent, to $760.50 an ounce.

Wheat and corn prices rose, and soybeans slipped.

Crude oil rose $1.02 to $101.28 a barrel.