Gold futures on the COMEX division of the New York Mercantile Exchange closed lower on Tuesday, marking a second straight finish in the red as a rise in global stocks caps benefit of weaker greenback.
The most active gold contract for August delivery went down 0.1 dollar, or 0.01 percent, to close at 1,225.5 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, decreased 0.01 percent to 94.618 as of 2000 GMT.
Gold usually moves in opposite directions with the U.S. dollar, which means if the dollar goes up, gold futures will fall as gold, priced in U.S. dollar, becomes more expensive for investors using other currencies.
As for other precious metals, silver for September delivery went up 9.5 cents, or 0.62 percent, to settle at 15.52 dollars per ounce. Platinum for October added 4.6 dollars, or 0.55 percent, to close at 835.6 dollars per ounce.
The most active gold contract for August delivery went down 0.1 dollar, or 0.01 percent, to close at 1,225.5 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, decreased 0.01 percent to 94.618 as of 2000 GMT.
Gold usually moves in opposite directions with the U.S. dollar, which means if the dollar goes up, gold futures will fall as gold, priced in U.S. dollar, becomes more expensive for investors using other currencies.
As for other precious metals, silver for September delivery went up 9.5 cents, or 0.62 percent, to settle at 15.52 dollars per ounce. Platinum for October added 4.6 dollars, or 0.55 percent, to close at 835.6 dollars per ounce.
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