Base, Precious Metals Down Following Day of Gains

While yesterday showed precious metals gaining an average of 1.1 percent, today was markedly different, with all metals in the precious metals complex closing at a loss. Gold is currently down 0.4 percent to $1,333.83 per ounce.

Silver posted losses of 0.6 percent today, down to $16.68 an ounce. Palladium slipped to $982.90 an ounce. While platinum gained 2.3 percent in Tuesday's session, today is returned 0.2 percent, dropping to $965.20 an ounce. Base metals also lost ground today, with average losses of 0.3 percent. Nickel is by far the greatest loser, falling by 0.9 percent to $13,520 a ton.

In other markets, pricing for spot Brent crude oil dropped 0.41 percent today, to $65.21 per barrel. The yield on ten-year U.S. treasuries is down to 2.86 percent. However, the German ten-year bund is up slightly at 0.66 percent. Meanwhile, the U.S. dollar is back down on its index again, falling to 89.53 over rising trade wars concerns and the resignation of Cohn.