COMEX gold futures, per the February contract, finished lower by $7.10, or 0.5% at $1,409.00 Tuesday as the yellow metal turned lower after earlier reaching a new all-time high of $1,432.50 per ounce.
In doing so, gold futures snapped a six-day win streak that had taken them from $1,355 on November 26 to this morning’s new record level.
Silver futures for March delivery rallied to a fresh 30-year high of $30.75 this morning, but settled higher by just$0.04, or 0.1%, at $29.78 per ounce.
March copper futures rose $0.04, or 1.0%, to $4.05 per pound, the highest level since July 2, 2008, as “Dr. Copper” has continued to benefit from the reflation trade and global economy recovery.
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