Asian shares eased amid fears of rising U.S. protectionism as President Donald Trump fired his Secretary of State, regarded as a moderate in his administration, and eyes hefty tariffs on Chinese imports.
"Many consumers are busy in paying advance tax. Since this is last month of the fiscal year, they have to pay taxes by March end," said Ashok Jain, proprietor of Mumbai-based wholesaler Chenaji Narsinghji.
Spot gold had slipped by 0.1 percent to $1,328.65 an ounce at 0130 GMT and was down for a fourth straight session. Prices fell 1.3 percent on Tuesday, in their biggest one-day percentage decline since Dec. 7, 2017.
,326, according to Reuters technical analyst Wang Tao.Among other precious metals, silver was down 0.6 percent at $16.57 an ounce.Palladium was 0.4 percent lower at $1,028.65, after rising to the highest since Feb