Gold futures fell Tuesday as U.S. traders returned from a three-day weekend, after retreating modestly last week after the Federal Reserve held its policy interest rate steady but signaled further hikes to come.
Gold for August delivery fell $7.80, or 0.4%, to $1,963.40 an ounce on Comex. U.S. markets were closed Monday for the Juneteenth holiday.
July silver was down 22.6 cents, or 0.9%, at $23.90 an ounce.
July platinum was down 1.9% at $968.40 an ounce, while September palladium shed 1.3% to $1,398 an ounce.
July copper was off 0.4% at $3.875 a pound.
Gold fell 0.3% last week, but the overall hit to the metal following the Fed meeting was relatively contained despite the threat of further rate increases, said Thu Lan Nguyen, commodity analyst at Commerzbank, in a note.
Source : MarketWatch
