Commodity Market Update : Epic Research Malaysia

Gold prices retreated below $1,300 on Wednesday as traders prepared for the release of minutes from the last Federal Reserve policy meeting while keeping one eye on the end of the week, when Janet Yellen steps up in Jackson Hole.

Gold for December delivery GCZ4, -0.58% shed $1.50 to settle at $1,295.20 an ounce. September silver SIU4, -0.55% slipped 22 cents to $19.41 an ounce.

A day earlier, gold prices pulled back slightly as investors ran the Nasdaq COMP, -0.02% up to levels not seen since late March 2000. It wasn’t just technology stocks, either. The broad market was in rally mode, sapping demand from the perceived safe haven of precious metals.

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