Gold trimmed its losses on Tuesday as the euro regained strength against the dollar, but the metal remained lower on weak chart signs and fears the US Federal Reserve will wind down its economic stimulus programme. On Monday gold slid to $1,338.95, its weakest level since April 16, before gaining 2.6 percent in US trade and snapping a seven-session slide, its longest losing streak since March 2009.
Spot gold fell as much as 2 percent on Tuesday to a session low at $1,359.44 an ounce, but by 1:45 EDT (1745 GMT) it had cut those losses to about 0.50 percent at $1,376.50 per ounce. US gold futures for June delivery fell 1.5 percent to $1,363.10 an ounce. But by the US finish futures were off just 0.50 percent at $1,377.60 per ounce. Spot silver was down 2.05 percent at $22.45 an ounce but still higher than the previous session's lows. Platinum also pared early declines but was still down 2.20 percent to $1,455 an ounce. Palladium was down 0.44 percent at $749.27 an ounce.
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