| Gold prices settled lower in U.S. trading on Tuesday, as investors sought out riskier assets amid a stock-market rally and an increase in oil prices. Gold futures for June delivery, the most actively traded contract on Tuesday, settled about 0.1% lower at $1,264.80 a troy ounce on the Comex division of the New York Mercantile Exchange.
The drop comes after gold shed about 2% in price on Monday, its biggest one-day loss in nearly three months, as the dollar gained strength. Despite the recent losses, gold is still up some 19% year to date, according to FactSet. Investors piled into gold earlier in the year amid global economic uncertainty and a weaker dollar, which makes gold less expensive to buy for holders of other currencies...............................................Full Article: Source
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