Gold futures on the COMEX division of the New York Mercantile Exchange closed lower on Tuesday, as strength in the U.S. dollar dulled demand for the precious metal.
The most active gold contract for December delivery went down 9 U.S. dollars, or 0.74 percent, to close at 1,213.4 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, went up 0.37 percent to 97.44 as of 1800 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 was down 12.1 cents, or 0.85 percent, to settle at 14.084 dollars per ounce. Platinum for January 2019 dropped 12.5 dollars, or 1.47 percent, to close at 835.3 dollars per ounce.
The most active gold contract for December delivery went down 9 U.S. dollars, or 0.74 percent, to close at 1,213.4 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, went up 0.37 percent to 97.44 as of 1800 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 was down 12.1 cents, or 0.85 percent, to settle at 14.084 dollars per ounce. Platinum for January 2019 dropped 12.5 dollars, or 1.47 percent, to close at 835.3 dollars per ounce.
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