Gold futures finished lower on Tuesday, saddled by waning expectations of US Fed rate cuts, and stronger dollar. Additionally, easing US-China trade tensions and China's decision to scrap a decades-old tax break for select gold retailers trimmed some gold buying.
Gold futures for December delivery down by $53.50 or 1.33% to $3,960.50 per ounce on the Comex division of the New York Mercantile. However, spot gold rose by $30.64 points or 0.78% to $3,962.73 ounce.