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Gold prices fell on Tuesday in light of the rise in the US dollar and as investors await the release of important economic data this week in search of clues about how long it can continue to raise interest rates to curb inflation.
The spot gold price fell 0.1 percent to $1963.04 an ounce by 0116 GMT, while US gold futures fell 0.4 percent to $1962.90 an ounce.
Gold prices closed in July up 2.3 percent, the largest monthly rise in four months, due to investor expectations that the cycle of raising interest rates by global central banks is approaching.
Low interest rates boost demand for the non-yielding yellow metal.
In terms of other precious metals, silver fell in spot transactions by 0.3 percent, to reach $ 24.70 an ounce. Platinum settled at $948.77, and palladium fell 0.3 percent to $1,278.04.
