Gold just reversed course again.
The currency is down by 0.3% at $1,266.45 an ounce as of 12:19 p.m. ET.
Earlier in the morning, the metal ticked up into the green after getting slammed the previous day. The metal tumbled by over 3% on Tuesday, falling to $1,271.85 an ounce in the mid-afternoon – the weakest level since June 23, the day of the Brexit vote.
Notably, gold is considered a traditional risk-off, “end of the world” trade and is often bought up aggressively by investors in times of stress.
In related news, the US dollar is little changed at 96.18.