Gold futures traded lower on Tuesday, extending losses from previous sessions amid improved risk appetite in the market with the anticipation of global economic recovery with the reduced number of covid cases reported and faster vaccine rollout. US market was closed yesterday due to President’s Day holiday.
Gold futures for February delivery traded down by $4.3 to $1817.30 an ounce on the Comex division of the New York Mercantile. Spot gold edged up 0.1% to $1,820.71 per ounce.