Gold Spot Price Open: $1,252

Gold Spot Price Close: $1,246

Change in Gold Spot Price: -$6

Silver Spot Price Open: $20.39

Silver Spot Price Close: $20.32

Change in Silver Spot Price: -$0.07

Gold and silver didn't fare as well today as they did on Monday, though losses posted by both metals were only slight. Gold lost closer to six dollars while silver declined by less than a Dime.

The marketplace was generally quiet on Tuesday as there were very few new fundamental inputs able to move markets drastically in any one direction. With that being said, however, US stocks performed well today, something that put solid, downward pressure on gold and silver. Even though stocks did well today, the feeling around the marketplace is that December's late boom is just about finished. As investors pull more money out of US stocks it is likely that gold and silver will benefit.

US economic data for the day consisted of a number of different companies' earning reports for the fourth quarter of 2013 which were mostly upbeat. Today's earning reports propelled stocks forward and were the major reason behind why precious metals posted losses. We have just entered the 4th quarter earnings reports season and you can expect to hear of many more being released over the coming days and weeks.

Despite there being very few notable events to talk about throughout the world marketplace today one report out of Europe did catch some attention. It was reported that industrial production in the EU rose by almost 2% between October and November and was up by about 3% on the year. The report with regard to industrial production was the best Europe has seen in years, adding to a long list of recently strong pieces of economic data from the EU. It will be interesting to see if the European region can keep up such strong economic performance over the course of the next few months.