Commodities Update — Gold eases; Corn, soybeans ease; Copper strongly rebounds

RIYADH: Gold edged lower on Wednesday as pressure from aggressive monetary policy worries and higher bond yields outweighed relief stemming from a pullback in the dollar.

Spot gold dipped 0.3 percent to $1,706.85 per ounce by 0610 GMT. US gold futures also fell 0.3 percent to $1,706.00. 

Palladium gains

Spot silver was little changed at $18.74 per ounce, while platinum was flat at $874.61. 

Palladium gained 0.5 percent to $1,884.66.

Grains fall