Gold futures edged lower Tuesday, as investor worries over the spread of China’s coronavirus abated somewhat and prices consolidated a day after ending at a more-than-six-year high.
Gold for February delivery on Comex fell $4, or 0.3%, to $1,573.40 an ounce, while March silver was off 30.6 cents, or 1.7%, at $17.75 an ounce. Gold on Monday saw the highest close for a most-active contract since April 9, 2013, according to Dow Jones Market Data.
In other metals trading, April platinum fell $1.60, or 0.2%, to $990.10 an ounce, while March palladium was off $15.60, or 0.7%, to $2,158 an ounce.
March copper fell 0.5 cent, or 0.2%, to $2.5915 a pound.