Last month, gold gained 6.3 percent on escalating Syrian tensions. The U.S. and Russia met today to discuss a plan for the Middle Eastern nation to surrender its chemical weapons, potentially averting a military strike from the U.S.
On the New York Mercantile Exchange, platinum futures for October delivery dropped 2.1 percent to $1,442.70 an ounce. The price fell for the fourth straight day, the longest slump since mid-March. Trading was 39 percent above the average in the past 100 days, according to Bloomberg data.
Palladium futures for December delivery rose 0.2 percent to $692.80 an ounce, advancing for the second time in three days.
