Gold futures finished lower on Tuesday, saddled by the reports suggesting strong consumer spending. As per data, US retail sales rose 0.1% in August, as against forecasted 0.2% decline, followed by a revised 1.1% surge in July. Moreover, firmness in dollar and bond yield notes ahead to later today’s conclusion of FOMC's two-day policy meeting also pressured yellow metal investments.
Gold futures for December delivery dipped by $16.50 or 0.63% to settle at $2,592.40 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $2.01 or 0.08% to settle at $2,571.51 an ounce.