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RTTN: Gold Slips Back Near $1,400
 
(RTTNews) - The price of gold was moving down for the first time in three sessions Tuesday morning amid mixed U.S. dollar.

Gold for February delivery, the most actively traded contract, was down $15.10 to $1,407.80 an ounce.

Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,280.72 tons.

Meanwhile, the U.S. dollar was moving toward its three-week low versus the euro and paring recent gains against sterling. The buck was improving from its record low versus the Swiss Franc and from its 2-month low against the yen.

Elsewhere, the prices of silver and platinum edged down in morning deals, while copper was leveling off from its record high.

The U.S. Commerce Department will release its report on factory goods orders for November at 10.00 a.m ET. Economists estimate the orders to edge down 0.3%, following a 0.9% decline month-over-month during October.

Later during the session, the Federal Reserve will release the minutes of its December 13-14 FOMC meeting.

by RTT Staff Writer
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