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Gold Nudges Lower As Dollar Firms

Gold futures nudged lower Tuesday morning, extending recent losses on speculation the Federal Reserve will raise interest rates in December.

Analysts say a litany of solid economic data has convinced the Fed to act before year's end, boosting the dollar and denting gold prices.

Gold for December was down $2 at $1273 an ounce.

There has been little safe haven demand in the wake of Sunday's deadly shooting in Las Vegas.

On the economic front, Gallup's U.S. Economic Confidence Index for September will be issued at 8.30 am ET. The prior month level was +6.

Federal Reserve Governor Jerome Powell will speak on Regulatory Reform at Reuters Conversation on U.S. Financial Regulation in Washington, with audience Q&A at 8.30 am ET.

Bank of England's Financial Policy Committee (FPC) said the risk of disruption to lending from European banks after the Brexit is likely to be slightly higher than previously estimated.

by RTTNews Staff Writer

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