Gold retreated on reports Wednesday that support for a Swiss referendum to require the country’s central bank to hold 20% of its reserves in gold bullions is losing momentum.Gold for December delivery GCZ4, -1.36% slid $3.20 to settle at 1,193.90 an ounce. In electronic trading, gold had slumped as low as $1,173.90 an ounce before bouncing back.
December silver SIZ4, -1.84% added 12 cents, or 0.7%, to $16.29 an ounce.
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