Gold futures on the COMEX division of the New York Mercantile Exchange settled below 1,200 U.S. dollars an ounce on Tuesday, as U.S. economic data boosted the greenback.
The most active gold contract for December delivery went down 7.6 dollars, or 0.63 percent, to close at 1,199.1 dollars per ounce.
Demand for the dollar-denominated precious metal came as a jump in the Institute for Supply Management's U.S. manufacturing index to its highest level in more than a decade further boosted the dollar.
The U.S. dollar index, which measures the buck against six rivals, went up 0.34 percent to 95.44 as of 1930 GMT.
Gold usually moves in opposite directions with the U.S. dollar, which means if the dollar goes strong, gold futures will fall as gold, priced in U.S. dollar, becomes expensive for investors using other currencies.
As for other precious metals, silver for December delivery dropped 37.7 cents, or 2.59 percent, to settle at 14.18 dollars per ounce. Platinum for October fell 8.9 dollars, or 1.13 percent, to close at 778.2 dollars per ounce.
The most active gold contract for December delivery went down 7.6 dollars, or 0.63 percent, to close at 1,199.1 dollars per ounce.
Demand for the dollar-denominated precious metal came as a jump in the Institute for Supply Management's U.S. manufacturing index to its highest level in more than a decade further boosted the dollar.
The U.S. dollar index, which measures the buck against six rivals, went up 0.34 percent to 95.44 as of 1930 GMT.
Gold usually moves in opposite directions with the U.S. dollar, which means if the dollar goes strong, gold futures will fall as gold, priced in U.S. dollar, becomes expensive for investors using other currencies.
As for other precious metals, silver for December delivery dropped 37.7 cents, or 2.59 percent, to settle at 14.18 dollars per ounce. Platinum for October fell 8.9 dollars, or 1.13 percent, to close at 778.2 dollars per ounce.
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