Gold on Tuesday was slipping, struggling to hold above a psychologically significant price above $1,300 an ounce as equity benchmarks attempted to stage a modes rebound from a period of trade-related uncertainty.
June gold receded $2.10, or 0.2%, at $1,299.60 an ounce, after jumping 1.1% on Monday and marking the first settlement above $1,300 and highest most-active contract finish since April 10, according to FactSet data.
The SPDR Gold Shares ETF meanwhile, was off less than 0.1% in premarket action and the gold-miners focused exchange-traded VanEck Vectors Gold Miners ETF also was off by about that much.
July silver meanwhile, added 4 cents, or 0.3%, at $14.820 an ounce, after slipping 0.1% in the previous session.
Source : Marketwatch