Gold fell on Wednesday for a fourth session, its longest losing streak this year, as lacklustre physical demand from major Asian consumers and weak crude oil prices sent prices lower in quiet trade. The metal, which has tended to follow equities and riskier assets, again came under pressure as US equities retreated on disappointing earnings from several bellwether companies.
Spot gold was down 0.6 percent at $1,639.81 an ounce by 2:36 p.m. EDT (1836 GMT). US gold futures for June delivery settled down $11.50 at $1,639.60 an ounce. Volume was less than 100,000 lots, set to be one of the quietest sessions this year, preliminary Reuters data showed. Silver was down 0.3 percent at $31.58. Spot platinum edged down 0.2 percent on the day at $1,574.69 an ounce, while palladium inched up 0.2 percent at $655.95.
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