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Philadelphia's tax of 1.5 cents per ounce on sugar-sweetened beverages is one of several passed by cities throughout the United States.
Gold fell $14.40 to finish at $916.20 an ounce on the mercantile exchange.
July platinum rose $2.50, to $415.20 an ounce, on the New York Mercantile Exchange.
Gold had been as low as $360 an ounce on the exchange before rebounding somewhat.
Platinum fell $12.90, to $570.20 an ounce, on the New York Mercantile Exchange.
In New York, gold fell 20 cents, to $410 an ounce, on the Commodity Exchange.
Silver settled at $4.095 a troy ounce on New York's Comex, up 7 cents from Friday.
Gold rose $2.70 to close at $348 an ounce on the Commodity Exchange in New York.
That period saw gold rise to a record $850 an ounce on Jan.
The nearby December, with 520 sales, fell to $1.7790 from $1.7940 an ounce on Monday.
Gold prices set a new record of over $1,120 an ounce on November 12th (see article).
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