32
Gold prices decreased on Wednesday as the dollar rebounded after robust U.S. manufacturing data bolstered hopes of a swift global economic recovery, rubbing some of the allure off safe-haven bullion.
Spot gold fell 0.3 percent to $1,964.86 an ounce by 0652 GMT, after hitting $1,991.91 on Tuesday, its highest since Aug. 19. U.S. gold futures dropped 0.4 percent to $1,971.10.
Spot gold may fall to $1,938, following its failure to break a resistance at $1,996 per ounce, said Reuters technical analysts Wang Tao.
Elsewhere, silver dipped 0.8 percent to $27.94 per ounce, platinum slipped 0.5 percent to $935.91, and palladium fell 0.2 percent to $2,267.32.
