US gold futures ended flat on Wednesday as market consolidated gains a day after a bullish technical reversal, but Federal Reserve Chairman Ben Bernanke's comments sent prices lower after COMEX settlement. COMEX August gold futures settles up 10 cents at $1,191.80 an ounce on the COMEX division of the NYMEX. Ranging from $1,183 to $1,198 an ounce.
A 6.1-tonne fall in holdings of the SPDR Gold Trust, the biggest one-day decline since December, hurts investor confidence. COMEX estimated final gold volume at a busy 161,146 lots. Spot gold at $1,183.65 an ounce at 2:58 pm (1858 GMT), versus the previous session's late quote at $1,191.40 an ounce. COMEX September silver ends up 11 cents at $17.803 an ounce, as a flat gold market failed to give the white metal a clear direction. Range spanned $17.575 to $17.900 an ounce.
COMEX estimated final silver volume at 22,341 lots. Spot silver at $17.55 an ounce from $17.65 late in the previous session. NYMEX October platinum finishes up $12 at $1,529.80 an ounce on steadier economic sentiment. Spot platinum at $1,512.50 an ounce. September palladium closes up $1.10 at $452.15 an ounce, taking the lead from platinum. Spot palladium at $445.50 an ounce.
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