Gold prices fell 1% on Tuesday, retreating from a one-month high hit earlier in the session as risk sentiment improved on wider market optimism after there were tentative signs of progress against coronavirus outbreaks in some countries.

Spot gold was down 0.5% at $1,653.25 per ounce by 1024 GMT after rising to a one-month high of $1,671.40. The metal had risen as much as 2.8% on Monday.

Palladium was 2.3% higher at $2,203.36 per ounce after rising more than 3% in early trading. Platinum climbed 1.2% to $744.02.

Silver jumped 1.1% to $15.15 an ounce, having touched a more than three-week high earlier.

Source: Reuters