Gold fell Tuesday as investors pondered a report in the Wall Street Journal, which said that the U.S. Federal Reserve will accelerate the tapering of its monthly stimulus, with additional cuts announced possibly as early as next week. The U.S. dollar rose on the report.

Gold futures for February delivery sank 0.8% to $1,241.80 per ounce on Tuesday, according to CME Group. Gold traded as high as $1,262 and as low as $1,235.10. Bullion closed in London at $1,244, according to BullionVault.

Silver futures for March delivery dropped 2.1%, to $19.87 per ounce. Tuesday’s high for silver was $20.44, while the low was $19.66.

Metal funds declined on Tuesday.

• The SPDR Gold Shares (GLD) slid 1.1%.
• The iShares Gold Trust (IAU) fell 1%.
• The iShares Silver Trust (SLV) moved down 1.8%.

Mining ETFs advanced during the day.

• The Market Vectors Gold Miners ETF (GDX)  rose 1.6%.
• The Market Vectors Junior Gold Miners ETF (GDXJ) surged 3.7%.
• The Global X Silver Miners ETF (SIL) added 2.8%.

Gold stocks mostly improved on Tuesday.

• Agnico-Eagle Mines (AEM) climbed 1.5%.
• Barrick Gold (ABX) jumped 2.6%.
• Eldorado Gold (EGO) slipped 0.2%.
• Goldcorp (GG) added 1.9%.
• Kinross Gold (KGC) moved up 1.3%.
• Newmont Mining (NEM) improved 1.1%.
• NovaGold Resources (NG) surged 4.3%.
• Yamana Gold (AUY) increased 2.2%.

Silver mining shares gained during the day.

• Coeur d’Alene Mines (CDE) inched up 0.1%.
• Hecla Mining (HL) added 0.9%.
• Pan American Silver (PAAS) rose 1.8%.
• Silver Wheaton (SLW) increased 1.3%.
• Silver Standard Resources (SSRI) advanced 2.2%.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.