The most active gold contract for December delivery fell 8.2 U.S. dollars, or 0.49 percent, to close at 1,655.8 dollars per ounce.
The industrial production index released by the Federal Reserve Tuesday increased 0.4 percent in September and 2.9 percent at an annual rate in the third quarter, dampening gold.
The National Association of Home Builders/Wells Fargo Housing Market index dropped eight points to 38 in October. With the exception of the short-lived plunge during the spring of 2020 when the United States locked down during the first wave of COVID-19, this was the lowest reading since August 2012.
Silver for December delivery fell 11.9 cents, or 0.64 percent, to close at 18.6 dollars per ounce. Platinum for January delivery fell 6.3 dollars, or 0.69 percent, to close at 907.3 dollars per ounce.
Latest comments