Spot gold hit a ten-week low on Tuesday, as support from safe-haven demand diminished on strong economic data out of Europe, but strong physical buying and tight supply in Asia are expected to provide a floor for prices. Spot gold fell below $1,330 for the first time in about ten weeks. It recovered to $1,332.85 an ounce by 0070 GMT, but remains on course for a fourth consecutive day of decline.
Spot silver fell to $26.64 an ounce, its lowest in nearly two months. It was trading at $26.78, down half a percent.
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