Gold futures prices eased slightly early Tuesday, struggling to build on the weekly gain last week that came with renewed trade-war worries, although even the trade factor has had limited impact in dramatically rallying a haven metal that remains largely tied to the dollar’s moves.
Gold for June delivery on Comex fell $1.50, or 0.1%, to $1,282.10 an ounce, while July silver lost 9 cents, or 0.6%, to $14.47 an ounce. Metals trading was closed Monday for the Memorial Day holiday.
Gold logged a 0.6% weekly rise through last Friday and continues to nurse a slim monthly gain of about 0.2%. Silver added 1.2% for last week, helping to trim its monthly drop so far to a loss of 2.9%.