Gold futures retreated Wednesday, pulling back from a six-year high, after global equity markets rebounded amid signs that tensions in Hong Kong — a source of global anxieties — were momentarily easing. Silver prices, however, extended gains to the highest for the white metal in about three years.

December gold gave up $1.10, or nearly 0.1%, to trade at $1,554.80 an ounce, after surging 1.7% Tuesday on Comex, the highest finish since April 2013, according to FactSet data. That was the first gain for the most-active contract in four sessions.

Silver for December delivery meanwhile, rose 18.3 cents, or 1%. to $19.42 an ounce, extending its 4.9% gain from Tuesday and marking its highest level since Sept. 26, 2016, when the metal settled at $19.60 an ounce.

Source : MarketWatch