Indian Stock Market Tips: Gold Futures End Lower On Tuesday

Gold futures ended lower on Tuesday as the US dollar was firm for much of the session and precious metals investors turned cautious ahead of central bank meetings this week, US payrolls data and the announcement of the next US Federal Reserve chair. The Fed is scheduled to release its statement following its meeting on Wednesday. Market participants were awaiting the Bank of England policy meeting on Thursday and more data, including US payrolls figures on Friday.

Gold futures for December delivery declined $7.20 or 0.6 percent to settle at $1,270.50 an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.4 percent at $1,270.40 an ounce.

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