Gold falls, other precious metals rise GOLD futures have extended their losses in electronic trading after minutes from the Federal Reserve's May policy-setting meeting showed board members considered an early end to the central bank's bond-buying program. Gold prices had sold off this year, plunging nearly 19 per cent to lows of $US1,361.10, on fears the Fed would scale back its easy-money program sooner rather than later. Gold had rallied to record highs on the Fed's liquidity measures, as many investors worried the program would weaken the US dollar and raise inflation. "The traders are only focusing on what they think will happen in the next few months," said George Gero, a senior vice president with RBC Capital Markets Global Futures. "They were expecting a more dovish statement," Gero said. Investors now turn their sights to the Federal Open Market Committee meeting minutes, due out at 2pm EDT. Gold traders will be looking for insight into discussions at the Fed's May policy-setting meeting. London PM Gold Fix: $1,408.50; previous PM $1,360.75 Jun gold $1,367.40, down $10.20; Range $1,353.10-$1,413.30 Jul silver $22.472, up 1.7 cents; Range $22.145-$23.290 Jul platinum $1,469.20, up $10.80; Range $1,458.80-$1,493.50 Jun palladium $752.15, up $40.50; Range $744.00-$755.00