Gold slips in early trading as metals retreat broadly

Spot gold fell 0.2% to $4,476.50 per ounce on Wednesday, with silver, platinum, and palladium all moving lower.

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Gold slipped 0.2% to $4,476.50 per ounce in early Wednesday trading, with US August futures down 0.3% to $4,504.40. Silver, platinum, and palladium all fell in tandem.

Key points

  • Spot gold fell 0.2% to $4,476.50 per ounce Wednesday
  • US gold futures dropped 0.3% to $4,504.40 per ounce
  • Silver, platinum, and palladium also declined

Gold prices eased in early Wednesday trading, with spot gold down 0.2% to $4,476.50 per ounce as of 01:03 GMT. US August gold futures fell 0.3% to $4,504.40 per ounce.

The retreat was broad across precious metals. Spot silver dropped 0.5% to $74.73 per ounce, platinum slipped 0.2% to $1,932.25, and palladium declined 0.3% to $1,365.25 per ounce.