Gold futures fell slightly Tuesday, staying, however, above
Gold futures fell slightly Tuesday, staying, however, above $440 per ounce for the third trading session in a row.
Traders expect gold to continue keep between $435 and $445 because of the weak US dollar.
However, James Moore, analyst at TheBullionDesk.com in London, noted that "a host of economic data over the next couple of days could liven things up."
February delivery gold futures were 70 cents down, closing at $442.90 per ounce on the New York Mercantile Exchange?s COMEX division. Monday prices climbed 40 cents after having gained nearly $8 an ounce over the course of last week.
The dollar gained against some foreign currencies Tuesday on the perceptions that interest rates may be higher in the new year, adding to pressure on gold.