Gold Market Update : Epic Research Singapore

Gold futures settled lower on Tuesday, extending losses from a day earlier as weakness in the U.S. stock market ultimately failed to draw enough haven demand for the metal.

Gold’s hesitation to move higher was “unnerving weaker bulls” in the market, said Fawad Razaqzada, technical analyst at Forex.com and City Index.

Gold futures for April delivery GCJ6, -0.61% fell by $1.10, or 0.1%, to settle at $1,262.90 an ounce after trading as high as $1,279 during the session. It lost 0.5% on Monday. May silver SIK6, -0.91% lost 24.3 cents, or 1.6%, to $15.39 an ounce.

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