Gold prices fell to the lowest levels in more than three months on Thursday as Federal Reserve Chairman Jerome Powell's comments in Sintra, Portugal on Wednesday and in Madrid, Spain, on Thursday weighed on the yellow metal.
Gold futures for August delivery fell by $4, or 0.2%, to $1,918 per ounce on Comex.
Silver futures for September delivery declined by 2 cents, or 0.1%, to $23.06 per ounce.
Palladium for September delivery shed $4.90, or 0.4%, to $1,242 per ounce, while platinum for October fell by $3, or 0.3%, to $921 per ounce.
Copper for September delivery fell by 4 cents, or 1.2%, to $3.70 per pound.
Gold prices have been sliding since hitting their second-highest level on record in early May as central bankers, including the Fed's Powell, have signaled that they plan to raise interest rates even higher to quash inflation, which remains well above targets set by central bankers around the world.
Source: Marketwatch
