Gold futures finished lower on Tuesday, saddled by the strength in dollar and on caution ahead to Federal Reserve’s upcoming monetary policy decision. Stronger-than-expected US retail sales data showed a 0.7% increase in November, fuelled speculation that the Fed might slow down its policy easing, dulling investment appeal of the bullion.
Gold futures for February delivery down by $8 or 0.30% to $2,662.00 per ounce on the Comex division of the New York Mercantile. While, spot gold slipped by $1.89 or 0.07% to $2,644.94 an ounce.