“The gold market saw some modest profit-taking pressure kick in from the shorter-term futures traders at late-morning Tuesday,” said Jim Wyckoff, senior market analyst at metal trader Kitco in a Tuesday research note.
June gold GCM6, -0.68% lost $4, or 0.3%, to $1,291.80 an ounce even as global stocks headed sharply lower, amid renewed fears of a global growth slowdown sparked by weak manufacturing data from China.
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