(From GoldAlert.Com)
COMEX gold futures, per the February contract, settled lower Tuesday by $12.20, or 0.9%, at $1,332.30 per ounce. This was the lowest closing level for gold futures since October 27, 2010.
Gold futures had fallen as much as $22.60 to $1,321.90 early this morning, but pared their losses as the U.S. Dollar Index (DXY) relinquished its gains. After rising to as high as 78.41, the DXY was lower by 0.1% at 77.99 this afternoon.Other metals declined as well, with March silver futures retreating$0.54, or 1.9%, to $26.81 per ounce, and March copper dropping $0.12, or 2.8%, to $4.23 per pound.
April platinum fell $32.30 to $1,787.30 per ounce, while March palladium finished lower by $31.80, or 3.9%, $784.75 per ounce.
Source link: http://www.goldalert.com/2011/01/comex-gold-futures-slip-to-1332/