Other metals traded on Comex also declined Tuesday. March copper HGH5, -0.43% fell 2.4 cents, or 0.9%, to settle at $2.58 a pound. April platinum PLJ5, -0.26% closed at $1,177 an ounce, down $30.50, or 2.5%, while March palladium PAH5, -0.50% shed $11.20, or 1.4%, to end at $783.25 an ounce.Copper Market Update
Other metals traded on Comex also declined Tuesday. March copper HGH5, -0.43% fell 2.4 cents, or 0.9%, to settle at $2.58 a pound. April platinum PLJ5, -0.26% closed at $1,177 an ounce, down $30.50, or 2.5%, while March palladium PAH5, -0.50% shed $11.20, or 1.4%, to end at $783.25 an ounce.Gold Market Update
Gold futures settled on Tuesday at their lowest level in six weeks on bets that Chinese demand for the metal will take a hit as the nation gears up for Lunar New Year celebrations.Gold also failed to score a boost from concerns over a Greek exit from the eurozone.
Gold for April delivery GCJ5, -0.07% fell $18.50, or 1.5%, to settle at $1,208.60 an ounce on Comex. Prices, based on the most-active contracts, haven’t settled at a level this low since Jan. 5.
March silver SIH5, +0.59% also dropped 92 cents, or 5.3%, to end at $16.378 an ounce.
Current Market Update
Tokyo (Nikkei Average NIK, +1.05% ) up 1%
Hong Kong (Hang Seng Index HSI, +0.19% ) up 0.2% (closed)
Shanghai (Shanghai Composite Index SHCOMP, +0.76% ) closed for holiday
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Mumbai (Sensex 1, +0.51% ) up 0.3%
Taipei (Taiex Y9999, +0.35% ) closed for holiday
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