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1/26, 3:40 PM (Source: TeleTrader)
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Gold, silver retreat as stocks rally

Prices of gold and silver slid on Wednesday, as the so-called safe-haven assets seemingly lost the appeal on account of a stock rally on Wall Street.

The bullion investors will carefully monitor the Federal Reserve's monetary policy decision, scheduled for release later during the day.

Gold lost 0.74% at 9:38 am ET, selling for $1,833.8 per ounce, while silver lost 0.56% at the same time, to go for $23.71 an ounce. A minute later, platinum rose 1.73% to $1,048.8, and palladium soared 4.74% to $2,312.17 per ounce after optimistic news on Bentley's shift towards the electric vehicles market.

Baha Breaking the News (BBN) / BU