Gold prices fell on Wednesday, heading towards recording the largest monthly loss since November 2016, with the US Federal Reserve's support to raise interest rates at a date earlier than expected.
Meanwhile, Richmond Fed President Thomas Barkin said that the US labor market is still far from pre-pandemic levels, supporting continued asset purchases.
Spot gold fell 0.1% to reach $1,759.16 per ounce, and gold futures contracts for August declined 0.2% to reach $1,760.30 per ounce, by 09:55am GMT.
Elsewhere, silver rose 0.2% to $25.94 per ounce, palladium settled at $2,680 per ounce, and platinum fell 0.3% to $1,068.56 per ounce.
The US dollar index - which measures the performance of the US currency against a basket of six currencies – stabilized at 92.031 points.
The Chicago manufacturing purchasing managers’ index (PMI) data for the current month is scheduled to be released soon, with expectations that it will record 70.2 points.
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