Gold futures settled with a loss on Tuesday, but held ground above the $1,900 mark. Traders are focused on Chinese gold demand for the new year, and on any potential surprises from the World Economic Forum gathering in Davos, said Chintan Karnani, director of research at Insignia Consultants. Wednesday’s Bank of Japan meeting and reading on the U.S. producer price index is also keeping precious metals traders “on the edge,” he said. Gold for February delivery
GCG23,
fell $11.80, or 0.6%, to settle at $1,909.90 an ounce on Comex.
