Gold futures settled lower on Tuesday, down a second consecutive session, after touching their highest intraday level since June. “Investment flows are what drive gold prices, and after gold smashed through downtrend resistance as well as this summer’s highs on last week’s inflation shock data, it’s no surprise to see some of the hot money closing out their gains,” said Adrian Ash, director of research at BullionVault. Tuesday’s strong U.S. economic data, including a rise in October retail sales, prompted some profit taking, he said. December gold fell $12.50, or 0.7%, to settle at $1,854.10 an ounce.
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