Gold traded in the red Tuesday, at risk of giving back the bulk of a Monday gain that landed the metal at its best finish in about a month. Stocks and other risk-on markets regained some footing, dulling the appeal of the haven metal, for now.
Gold for April delivery on Comex was down $10.20, or 0.8%, at $1,312.40 an ounce. The contract settled Monday at $1,322.60, with prices for the most-active contract logging their highest finish since Feb. 26, according to FactSet data. The Monday gain followed a third straight weekly gain for the precious metal through Friday.
The gold-backed SPDR Gold Shares exchange-traded fund was down 0.7% in early dealings.
Source : MarketWatch