Precious metals are on the backfoot for Wednesday, along with most industrial metals.
Gold futures were headed for a second session of losses in a row on Wednesday as the U.S. dollar strengthened, but some slippage in U.S. bond yields following a better-than-expected climb in private-sector jobs helped to limit price losses for the precious metal.
The ADP data came in above forecasts from economists polled by The Wall Street Journal, who expected a gain of 425,000 jobs. December gold GCZ21, -0.12% GC00, -0.12% fell $1.50, or 0.1%, to $1,759.40 an ounce, after trading as low as $1,745.40. Silver for December delivery SIZ21, -1.12% SI00, -1.12% declined by 11.8 cents, or 0.5%, to $22.49 an ounce, after a 0.2% decline a day earlier.
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