Gold slid on solid greenback. However, growth forecasts' cuts fuelled speculation that central banks all over the world will embark on easing measures. Stimulus measures by the world top economies are likely to push the yellow metal up.
Silver moved in tandem with gold, falling 1.56% amid weak global equities. Dismal news from Asia also added pressure on the white metal.
Platinum retreated despite renewed supply-risk premium. South African local government workers' union stated that it will launch a strike to protest over low salaries and wages.
Palladium shed 0.37% on bleak industrial demand prospects amid global fiscal turmoil.