Gold Futures End Lower As Dollar Strengthens

Gold futures ended lower on Tuesday as the US dollar strengthened against a basket of major currencies ahead of an annual meeting of central bankers this week. Investors awaited speeches by European Central Bank President Mario Draghi and US Federal Reserve Chair Janet Yellen on Friday at Jackson Hole, Wyoming, for clues to the direction of interest and currency rates.

Gold futures for December delivery declined $5.70, or 0.4 percent, to settle at $1,291 an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.4 percent at $1,285.25 an ounce.

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