Gold futures on the COMEX division of the New York Mercantile Exchange fell on Tuesday as the U.S. dollar strengthened and dulled demand for precious metals.
The most active gold contract for December delivery went down 5.80 dollars, or 0.45 percent, to close at 1,275.80 dollars per ounce.
The precious metal had rose by almost one percent during the previous session, mainly boosted by crude oil surges and a weakened dollar.
On Tuesday, the U.S. dollar rebounded with its index, a gauge of the greenback against a basket of other major currencies, rising 0.23 percent to 94.96 as of 1808 GMT.
The index and gold typically move inversely, as a strengthened dollar makes gold less attractive to foreign investors using other currencies.
Meanwhile, the Dow Jones Industrial Average lost 30.76 points, or 0.13 percent to reach 23,517.66 points as of 1818 GMT. The fall of equities limited the downturn of gold futures.
As for other precious metals, silver for December delivery fell 29.5 cents, or 1.71 percent, to close at 16.94 dollars per ounce. Platinum for next January went down 9.7 dollars, or 1.04 percent, to settle at 925.30 dollars per ounce.
The most active gold contract for December delivery went down 5.80 dollars, or 0.45 percent, to close at 1,275.80 dollars per ounce.
The precious metal had rose by almost one percent during the previous session, mainly boosted by crude oil surges and a weakened dollar.
On Tuesday, the U.S. dollar rebounded with its index, a gauge of the greenback against a basket of other major currencies, rising 0.23 percent to 94.96 as of 1808 GMT.
The index and gold typically move inversely, as a strengthened dollar makes gold less attractive to foreign investors using other currencies.
Meanwhile, the Dow Jones Industrial Average lost 30.76 points, or 0.13 percent to reach 23,517.66 points as of 1818 GMT. The fall of equities limited the downturn of gold futures.
As for other precious metals, silver for December delivery fell 29.5 cents, or 1.71 percent, to close at 16.94 dollars per ounce. Platinum for next January went down 9.7 dollars, or 1.04 percent, to settle at 925.30 dollars per ounce.
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