Premarket Movers | Precious Metals Shares Slide with Gold Fields Down Nearly 4%; Aurora Innovation Jumps 9%

Precious Metals shares slid in premarket trading. Gold Fields down nearly 4%; Platinum Group, Anglogold, Harmony Gold, First Majestic Silver down about 3%.

Gold slid on Wednesday as investors booked profits after prices briefly hit a more than one-week high earlier in the session, while a stronger dollar weighed on sentiment across the precious metals complex ahead of key U.S. jobs data due this week.

Spot gold slipped 1.1% to $4,449.38 per ounce. It touched a record high of $4,549.71 last Monday. Spot silver lost 2.5% to $79.27 per ounce, down from an all-time high of $83.62 hit on December 29.

Prices are not being influenced "that much from a fundamental perspective, there's a lot of speculation... price action has for the most part been skewed to the upside, but it's showing two-way volatility," Capital.com senior financial markets analyst Kyle Rodda said.

Aurora Innovation stock jumped 9% in premarket trading. Automotive technology supplier Aumovio has partnered with cloud computing giant Amazon Web Services to speed up the deployment of autonomous vehicles, starting with Aurora Innovation’s fleet of self-driving commercial trucks.