Gold for April delivery dropped for a second day on the Comex in New York, falling as much as 0.6 percent to $1,729.30 an ounce, before trading at $1,730 an ounce at 7:02 a.m. Singapore time. Cash gold was little changed at $1,727.40 an ounce.

March-delivery silver also declined for a second day, losing as much as 0.3 percent to $33.635 an ounce, and last traded at $33.66 an ounce. Spot silver was little changed at $33.67 an ounce.

To contact the editor responsible for this story: Glenys Sim at gsim4@bloomberg.net

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