Gold recovered on Tuesday

Gold closed lower on Tuesday after closing at its lowest level since late February as heavy losses on Wall Street, with the tech Nasdaq losing more than 3% at the bottom of the day, turned investors to precious metal that is considered a safe haven in times of heightened uncertainty.

In June, gold for June delivery gained $ 8.10, or 0.4%, to close at $ 1,904.10 an ounce on the New York Mercantile Exchange. The precious metal closed on Monday at the lowest level since February 25.

The silver closed with a negative sign, with the July contract losing 14 cents or 0.6% at $ 23,572 per ounce. The May contract, which expired today, closed at 12.6 cents, or 0.5% lower, at $ 23,544 an ounce.

Copper for May fell 0.2% to $ 4,441 a pound. As for the rest of the metals, July platinum gained $ 7.10 or 0.8% at $ 912.10 per ounce, while palladium June closed with a jump of 2.7% to $ 2,178.50 per ounce. after yesterday’s slump at 10.7%.