Gold Scores Largest Decline in a Month

Gold prices declined on Tuesday, amid anticipation for major economic data, subsequent monetary policy adjustments, and a strong performance by the U.S. Dollar (USD) against major peers.

Gold futures lost $35, or 1.91%, to finish at $1795.90 per ounce, giving up the $1,800 level.

This is the lowest closing level for the yellow metal’s front-month contracts since August 26, following its biggest daily decline since August 9.

Meanwhile, silver futures lost 42.80 cents, or 1.73%, to close at $24.334 per troy ounce.