Traders and investors witnessed a mixed bag in the precious metals markets today, with gold and platinum trading lower while silver and palladium posted gains.

Following gold prices hitting a low of $1215 per ounce during the week of May 8th, market participants have witnessed gold prices moving steadily higher, week in and week out.

Gold futures are trading modestly higher as a result of Fed minutes which were released yesterday. These minutes underlined the resolve of the Federal Reserve to implement another interest rate hike in June.