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By Renita D. Young and Zandi Shabalala
NEW YORK / LONDON (Reuters) – Gold prices recovered from a near-low month and platinum bounced off a 10-year low on Tuesday eased eased.
Gold earned spot 0.9 percent to $ 1,252.96 y ounce at 1:42 p.m. EDT (1742 GMT). Earlier, bullion prices dropped to $ 1,237.32, their lowest since Dec. 12, 2017.
U.S. gold futures for $ 11.80, or 1 percent, at $ 1.253.50 per ounce.
"Treasuries," said Bart Melek, head of commodity strategy at TD Securities. "The (yield) curve is flattening, suggesting that you can not get over tightening as thought before."
Investors awaited minutes, due on Thursday, of the US Federal Reserve meeting and US non-farm payrolls on Friday for clues on the direction of monetary policy decisions, which affect non-interest yielding gold.
dollar index declined against a basket of currencies, decreasing the cost of dollar-denominated bullion for
The United States plans to place tariffs on $ 34 billion of Chinese goods as of July 6, but world stocks were supported by broad gains in Europe and rising oil prices.
The US Chamber of Commerce denounced US President Donald Trump's handling of global trade disputes, issuing a report that said price and tariffs and retaliation by US partners would boomerang badly on the economy.
it is seen as a safe place to park badets, but it's a good place to be …
"It makes quite $ 1,255, "ActivTrades Analyst Carlo Alberto From Casa Said"
Silver climbed 1.1 percent to $ 16.01 year
Platinum earned 2.6 percent at $ 837.10 a year. Earlier, it fell to the lowest since December 2008 at $ 793. Palladium dropped 0.7 percent at $ 938.20 per year.
Autocatalyst metal platinum tumbled as an intensifying US-European Union trade spat pressured precious metals, and political risk in Germany weighed.
"Supply and demand fundamentals do not look particularly attractive platinum – we expect surpluses to persist throughout our forecast period, "UBS said in a note, downgrading its platinum outlook for the year.
Palladium traded less than other precious metals, likely following light Turro, market strategist at RJO Futures.
(Reporting by Karen Rodrigues and Apeksha Nair in Bengaluru, Editing by David Evans and Richard Chang)
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