Gold futures on the COMEX division of the New York Mercantile Exchange dropped on Tuesday following a four-session surge in a row.
The most active gold contract for April delivery fell 13 U.S. dollars, or 0.96 percent, to settle at 1,342.00 dollars per ounce.
The Dow Jones Industrial Average rose 184.88 points, or 0.76 percent to 24,387.48 as of 1722 GMT. The rally of equities in the past two days was boosted by reports that U.S. officials were seeking negotiations with their Chinese counterparts in an effort to avoid a trade war.
Global stock markets have seen a general recovery as a result of the positive development concerning trade disputes between the United States and China.
However, New York stocks came under pressure in afternoon trading as a sell-off in the technology sector fueled a plunge, which limited the fall of gold later during electronic trading.
As for other precious metals, silver for May delivery went down 14.3 cents, or 0.86 percent, to settle at 16.541 dollars per ounce. Platinum for July fell 4.00 dollars, or 0.42 percent, to close at 952.40 dollars per ounce.
The most active gold contract for April delivery fell 13 U.S. dollars, or 0.96 percent, to settle at 1,342.00 dollars per ounce.
The Dow Jones Industrial Average rose 184.88 points, or 0.76 percent to 24,387.48 as of 1722 GMT. The rally of equities in the past two days was boosted by reports that U.S. officials were seeking negotiations with their Chinese counterparts in an effort to avoid a trade war.
Global stock markets have seen a general recovery as a result of the positive development concerning trade disputes between the United States and China.
However, New York stocks came under pressure in afternoon trading as a sell-off in the technology sector fueled a plunge, which limited the fall of gold later during electronic trading.
As for other precious metals, silver for May delivery went down 14.3 cents, or 0.86 percent, to settle at 16.541 dollars per ounce. Platinum for July fell 4.00 dollars, or 0.42 percent, to close at 952.40 dollars per ounce.
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