Gold edged fractionally higher in Tuesday trading as U.S. equities markets hit record highs, dimming the metal’s appeal as a safe haven.

Gold futures for April delivery climbed 0.2% to $1574.90 per ounce on Tuesday, according to CME Group. Gold traded as high as $1,585.80 and as low as $1,571.10. Gold bullion closed in London at $1,578, according to BullionVault.

Silver futures for April delivery rose 0.4% to $28.58 per ounce. Tuesday’s high for silver was $29.05, while the low was $28.50.

Gold and silver funds mostly gained in Tuesday trading.

• The SPDR Gold Trust (NYSE:GLD) rose 0.1%.
• The iShares Gold Trust (NYSE:IAU) also gained 0.1%.
• The iShares Silver Trust (NYSE:SLV) climbed 0.5%.

Gold and silver mining ETFs dropped during the day.

• The Market Vectors Gold Miners ETF (NYSE:GDX) rose 0.1%
• The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) gained 1%.
• The Global X Silver Miners ETF (NYSE:SIL) dipped 0.1%.

Gold mining shares mostly retreated on Tuesday.

• Agnico-Eagle Mines (NYSE:AEM) fell 1.6%.
• Barrick Gold (NYSE:ABX) slid 0.5%.
• Eldorado Gold (NYSE:EGO) declined 0.3%.
• Goldcorp (NYSE:GG) was flat.
• Kinross Gold (NYSE:KGC) rose 0.1%.
• Newmont Mining (NYSE:NEM) dropped 1%.
• NovaGold Resources (AMEX:NG) climbed 0.8%.
• Yamana Gold (NYSE:AUY) sank 0.6%.

Silver mining shares moved lower.

• Coeur d’Alene Mines (NYSE:CDE) climbed 0.7%.
• Hecla Mining (NYSE:HL) slid 1.5%.
• Pan American Silver (NASDAQ:PAAS) fell 0.6%.
• Silver Wheaton (NYSE:SLW) dipped 0.1%.
• Silver Standard Resources (NASDAQ:SSRI) sank 1%.

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.