US gold futures erased early gains to trade lower on Tuesday, as an initial global stock rally and a plan by the US Treasury to inject $250 billion into banks reduced bullion's appeal as a safe store of value, dealers said. December gold down $1.20 at $841.30 an ounce at 11 am EDT (1500 GMT) on the COMEX division of the New York Mercantile Exchange.
COMEX estimated 9:00 am gold volume at 42,239 lots, options turnover seen at 1,390 lots. Spot gold was at $836.70/839.70 an ounce, up from Monday's nominal close of $830.80. NYMEX December silver up 12 cents, or 1 percent, at $10.910 an ounce. COMEX estimated 9 am silver volume at 7,315 lots.
Spot silver at $10.81/10.89, up 1.5 percent from Monday's nominal close of $10.65. NYMEX January platinum up $29.40, or 3.0 percent, at $1,027.00 an ounce. Spot platinum at $1,007.50/1,027.50. December palladium eases 75 cents to $203.05 an ounce. Spot palladium at $198.00/206.00.