Gold prices fell on Tuesday as profit-taking took place after the metal hit its highest level in more than a week, while market participants awaited key U.S. inflation data that could provide more insight into the Federal Reserve's next policy decision.
Gold futures fell during the Asian session on Tuesday.
According to the Comex classification of the New York Mercantile Exchange, December gold futures were trading at USD2,499.60 per ounce at the time of writing, down 0.18%.
It was previously traded at USD2,498.75 per ounce. Gold may find support at USD2420.20 and resistance at USD2517.10.
The dollar index, which measures the performance of the greenback against a basket of six other major currencies, rose 0.02% to trade at USD102.94.
Meanwhile on the Comex, silver for September delivery fell 0.93% to trade at USD27.75 per ounce while copper for September delivery fell 0.74% to trade at USD4.04 per pound.
