Today’s AM fix was USD 1,602.00, EUR 1,195.34 and GBP 1,045.76per ounce. Yesterday’s AM fix was USD 1,613.50, EUR 1,208.80 and GBP 1,041.57 per ounce.
Silver is trading at $29.07/oz, €21.83/oz and £19.9/oz. Platinum is trading at $1,664.50/oz, palladium at $753.00/oz and rhodium at $1,225/oz.
Gold fell $4.00 or 0.25% yesterday in New York and closed at $1,604.90/oz. Silver slipped to a low of $29.22 before it also rebounded, but it still finished with a loss of 1.31%.
Gold fell to $1,591/oz today, as the market digests data about a possible global recovery occurring, which is sending investors to riskier assets. German business sentiment hit its greatest level in three years adding to the optimism.
The yellow metal is being bolstered by Asian bargain hunters and prices usually fall off when their markets close.
Shanghai Gold Exchange most active futures and spot gold contracts fell to their lowest levels in seven months.
Chartists note the "death cross" formation on the spot gold chart, where the 50-day moving average is dropping below its 200-day moving average, which hints that a pullback could be on the way.
The RSI or Relative Strength Index, which has fallen below 30 since late last week, shows that the market has been oversold.
Investors will examine the wording in the minutes of the U.S. Federal Reserve's latest policy meeting, due at 1900 GMT.