Retreating from three-month high rate in the intraday, Gold futures finished slightly lower on Tuesday as dollar gained some strength followed by slower than expected producer price index. U.S. wholesale prices rose just 0.2% in October, as against forecast of 0.4% gain, the fourth straight dip raised optimism that inflation is on the wane.
Gold futures for December declined by 10 cents to settle at $1776.80 ounce on the Comex division of the New York Mercantile. Spot gold declined by $7.29 or 0.41% or $1,771.65 per ounce.