Gold futures edged lower ahead of the conclusion of a Federal Reserve meeting later Wednesday, but concerns about the state of U.S.-China trade talks could providing underlying support.
Gold for April delivery on Comex fell $2.50, or 0.2%, to $1,304 an ounce, while May silver gave up 7.2 cents, or 0.5%, to trade at $15.30 an ounce.
In other metals trade, palladium continued to rally into record territory, with the June contract up $6.60, or 0.4%, to $1,558.50 an ounce. April platinum rose $4.70, or 0.6%, to $857.30 an ounce.
May copper rose 0.35 cent, or 0.1%, to $2.9265 a pound.