Gold prices traded lower on Tuesday in Asia after hitting a one-month high the previous day.

Gold Futures traded on the Comex division of the New York Mercantile Exchange was down $5.05, or 0.4%, at $1,323.95 per ounce by 1:40 AM ET (05:40 GMT).

The fall in gold prices today came as stock markets and other risky assets recovered from a tumble on Monday.

The precious metal received support the previous day after the spreads between U.S. three-month and 10-year Treasury yields modestly inverted and sparked fears of a potential U.S. recession. It got to as high as $1,330.75 during the day.

Source : Investing.com