Gold was the worst performer as hopes that the Fed will ease its monetary policy vanished. Adding pressure on gold, physical demand from India is likely to decline by 30% this year as drought affected households' income.
Silver balanced between potential industrial demand increase and stronger US Dollar. On Monday, the IMF upgraded global growth forecast for 2013 from 3.5% to 3.9%, thus boosting demand prospects for the white metal.
Platinum rose after Lonmin reported that it closed its mine as two people were killed and six injured after illegal work stoppage at Western Platinum.
Palladium climbed on brighter demand prospects as global economic outlook has improved recently.