Gold futures log first loss in 4 sessions

New York (Mar 10)  Gold futures settled lower on Tuesday, following gains in each of the last three sessions, pressured as benchmark stock indexes in Asia, Europe and the U.S. strengthened. "It is not a bad thing for gold to consolidate around $1650," said Jeff Wright, executive vice president of GoldMining Inc. "The market would welcome a gold trading range of $1600-1700 rather than panic buying.: April gold GCJ20, -1.599% shed $15.40, or 0.9%, to settle at $1,660.30 an ounce.

By 3:25pm EST spot gold was down $18 to $1,649, while spot silver slid 1% to $16.94. Howerver, spot palladium plunged $124 to $2,405.

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