Gold dropped at the early European session; however, the yellow metal managed to trim losses during US trading hours following reports on the ECB bond purchasing program.
Silver lost 0.22% amid rising cautiousness in the markets ahead of the ECB meeting and release of the US non-farm payrolls data on Friday.
Platinum moved higher on South Africa supply concerns. Unrest in South African mines is expected to spread further as workers demand higher wages that the sector cannot afford.
Palladium was the top-gainer on improved automobile sales in the US. Strong performance of the base metals also pushed the precious metal higher.