Representational file photo.
New York: Gold prices continued their losses Wednesday, following reports that the US and the European Union (EU) are close to concluding a 15 percent tariff agreement, which has led to a decline in safe-haven demand.
Spot gold fell 1.2 percent to $3,389.09 per ounce, after hitting its highest level since June 16 earlier in the session.
US gold futures also fell 1.3 percent to $3,399.90.
Among other precious metals, spot silver rose 0.2 percent to $39.19 per ounce earlier in the session, its highest level in nearly 14 years.
Platinum fell 1.4 percent to $1,421.79, and palladium rose 0.2 percent to $1,277.26.
