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Gold fell as traders turned to dollar-denominated funds
Gold fell in trading on Tuesday, coinciding with the strength of the dollar and directed traders to the funds denominated in US currency.
The dollar index, which measures the move of the greenback against a basket of six currencies, rose 0.09% to 92.63, recovering from a one-week low.
Gold futures for June delivery fell 0.51% ($ 6.7) to $ 1311.5 an ounce.
The spot price of yellow metal fell 0.09% to $ 1312.26 an ounce.
Among other precious metals, silver fell 0.84% to $ 16.51 an ounce, while platinum rose 0.06% to $ 910.89 an ounce.
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