Gold prices inched lower on Tuesday, as cautious investors braced for the U.S. Federal Reserve's guidance for tapering and interest rate hikes, while risk-off sentiment stoked by China Evergrande's debt woes limited declines in the safe-haven metal. Spot gold fell 0.1% to $1,762.08 per ounce by 0340 GMT. Prices recovered from a more than one-month low of $1,741.86 on Monday as concerns over the fallout from property developer Evergrande's solvency issues spooked stock markets worldwide and drove investors to safe-haven assets.
A man was killed and four others were injured following a shooting and a crash in El Monte Monday evening, according to authorities.
The Chinese property giant is facing a major debt crisis, triggering fears of contagion in global markets.