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Metals Stocks: Gold futures suffer a retreat from March highs as U.S. stocks and yields climb

Gold futures on Tuesday settled in negative territory, giving back the bulk of gains from a day earlier that landed the metal at its highest finish in about a month. Stocks and other assets perceived as risky regained some footing higher on the session, dulling the appeal of the haven metal.

April gold GCJ9, -0.50% on Comex declined by $7.60, or 0.6%, to settle at $1,315 an ounce. The contract rose 0.8% Monday to finish at $1,322.60 — the loftiest close for a most-active contract since Feb. 26, according to FactSet data. The Monday gain followed a third straight weekly climb for the precious metal through Friday.

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