The dollar was stronger as concerns mounted about a spike in Covid-19 cases in the UK and Europe, specifically the highly infectious Delta variant,
Gold futures fell as low as $1750.10 an ounce, but rebounded to $1762/oz, the lowest since mid-April. Spot gold was trading at A$2345.65/oz.
Silver dipped below US$26/oz after losing more than 1%. Just three of the TSX Composite's 25 gold miners rose overnight, while only one out of six of the silver miners rose.
In London, lead hit a three-year high of $2334.50 per tonne after a 3.7% rise. Aluminium was also at a three-year high of $2538/t. Copper slipped for a third straight day to a one-week low of $9312.25/t.
