Gold futures settled modestly lower on Tuesday, pulling back after two sessions of gains and ahead of monthly U.S. jobs data due out later this week that may offer a hint on the Federal Reserve’s monetary policy.The yellow metal’s losses came despite sharp declines in oil prices CLH6, -0.44% and the U.S. stock market DJIA, -1.80% which had been luring some investors to the perceived safety of gold in recent days.
April gold GCJ6, +0.10% edged down by 80 cents, or 0.1%, to settle at $1,127.20 an ounce, retreating from an earlier high above $1,131. Prices tallied a gain of roughly 1.1% over the past two sessions.
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