Palladium Market Update

March palladium PAH5, +0.74% slid $14.30, or 1.8%, to $766.35 an ounce, while April platinum PLJ5, +0.00% platinum gained $23.80, or 1.9%, to $1,262.80 an ounce.

Gold Market Update

A shocking move by the Swiss National Bank sent the dollar reeling and propelled gold to close at its highest level in four months Thursday.

Gold GCG5, -0.47%  for February delivery surged $30.30, or 2.5%, to settle at $1,264.80 an ounce, its best finish since it closed at $1,268.20 on Sept. 5. March silver SIH5, -0.33%  rose 11 cents, or 0.7%, to $17.10 an ounce.

S&P Market News Update

The U.S. stock market finished Thursday’s volatile session lower, extending the losing streak to five straight sessions after the Swiss National Bank stunned global markets by cutting its currency cap with the euro.

The S&P 500 SPX, -0.92% which opened higher, closed down 18.57 points, or 0.9%, at 1,992.70.

Defensive sectors, such as utilities ended higher, while technology, financials and energy sector stocks sold off.