Gold Futures End Lower On Tuesday - Indian Stock Market Tips

Gold futures ended lower on Tuesday as data on retail sales and US manufacturing came in better than expected and easing geopolitical tensions between North Korea and the US undercut haven demand for the precious metal. The National Association of Home Builders released a report showing a rebound in confidence in the month of August. Their housing index jumped to 68 in August from 64 in July. Retail sales in the US increased by more than anticipated last month, up 0.6 percent in July after rising by a revised 0.3 percent in June. Investors await minutes from the Fed's July meeting to be released on Wednesday for clues on when a rate hike is next likely.

Gold futures for December delivery gained $10.70, or 0.8 percent, to settle at $1,279.70 an ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.8 percent at $1,271.58 an ounce.

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