Gold prices fell further Tuesday morning along with most other commodities, as traders booked profits from recent gains.
Markets have been a bit spooked by the possibility of another rate hike from the Federal Reserve.
On Wednesday, the Federal Reserve will decide whether to raise rates or stand pat for a second meeting in a row.
It is likely the Fed will leave rates on hold, but February’s strong jobs report might convince them otherwise.
Gold for April was down $10 at $1235 an ounce, having touched a yearly high near $1280 last week.
The material has been provided by InstaForex Company – www.instaforex.com