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Gold falls as the dollar gains on trade and emerging markets concerns
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Gold prices fell on Tuesday after the dollar hit a one-week high on stronger global trade tensions and economic concerns in emerging markets.
The yellow metal has lost about 8 percent since the beginning of the year as US interest rates, trade and Turkish currency crises have been raised as investors keep their money in safe havens.
Gold fell 0.3 percent in spot trade to $ 1196.90 an ounce by 0639 GMT, while in US futures it fell 0.4 percent to $ 1202.10 an ounce.
The dollar index, which tracks the performance of the greenback against a basket of currencies, hit its highest level since August 24 at 95.410.
Among other precious metals, silver fell 0.4 percent in spot trade to $ 14.40 an ounce, having fallen to a two-week low of $ 14.35 an ounce.
Platinum rose 0.3 percent to $ 785.70 an ounce, while palladium dropped 0.5 percent to $ 973.90 an ounce after hitting an 11-week high of $ 985.50 an ounce on Monday.
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