Gold futures edge lower as US equities strengthen

Gold futures edged lower on Tuesday on the back of gains in Wall Street stocks and also outflows from physical gold funds pointed to weak investment appetite. Investors preferred to stay with the more volatile equity assets on some mixed economic data from the US, although indicative of the underlying strength of the economy. Gold futures for June delivery settled down $7.40 at $1,281.10 an ounce on the Comex division of the New York Mercantile Exchange. While spot gold fell 0.5 percent at $1,282.49 an ounce.