Gold futures close lower as U.S. stocks rally

Gold futures finished lower Tuesday, ending two-days of solid gains for the yellow metal, as U.S. stocks lured investors ahead of the Christmas holiday.

February gold GCG6, -0.20%  fell $6.50, or 0.6%, to settle at $1,074.10 an ounce, after showing sharp gains totaling more than $30 in the previous two sessions.

A rally in stocks, highlighted by a triple-digit gain in the Dow Jones Industrial Average DJIA, +0.96% as the metals complex settled for the day, helped draw bids away from haven assets like gold and into those perceived as riskier, like stocks. Gold is typically viewed as providing shelter for investors when stocks decline.

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