April gold GCJ6, -0.37% fell by $3.60, or 0.3%, to settle at $1,230.80 an ounce. On Monday, the yellow metal enjoyed its best monthly gain since 2012, amid a period in which volatility in stocks and concerns about the global economic outlook have spurred haven bidding.
Adding to gold’s downdraft Tuesday, Wall Street was enjoying a rally as of gold’s settlement, with the potential of snapping two sessions of losses. Investors scooping up assets viewed as riskier, like stocks, tend to take away from bidding in gold.
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