Gold fell on Monday, pressured by a round of upbeat data on Chinese manufacturing activity, but prices finished above the session’s worst levels as weakness in the U.S. manufacturing index dulled appetite for stocks.
Gold for February delivery on Comex fell $3.50, or 0.2%, to settle at $1,469.20 an ounce after tapping lows under $1,460. March silver lost 14 cents, or 0.8%, at $16.966 an ounce.
In other metals trade, January platinum fell nearly 0.1% to $899.70 an ounce, while March palladium gained 0.8% to $1,824.70 an ounce.
March copper fell 0.4% to $2.6505 a pound.