Gold edged down to mark a near 7-week low early on Tuesday, as the dollar remained buoyed by upbeat economic data and strong U.S. treasury yields.

Fundamentals

* Spot gold was down 0.1 percent at $1,269.50 an ounce by 0101 GMT, after earlier touching its lowest since mid- August at $1,268.60.

* U.S. gold futures for December delivery shed 0.3 percent to $1,272.50 per ounce.

* The dollar on Tuesday gained 0.3 percent against a basket of major currencies and was up 0.2 percent versus the yen .

* China's proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported on Monday.

More Profit In Share Market >> Click Here >> Equity Trading Tips.