Gold futures ended lower on Tuesday as the dollar rose following hawkish comments from an influential US Federal Reserve official and dovish remarks from the Bank of England governor. New York Fed President William Dudley said on Monday that labor market tightness should help drive up inflation, reinforcing the message that recent weak data was unlikely to derail plans to keep raising interest rates.

Gold futures for August delivery declined $3.20 or 0.3 percent, to settle at $1,243.50 an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.03 percent at $1,242.36 an ounce.

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