Gold prices are lower Tuesday morning, weighed by a stronger dollar.
Gold futures for February delivery are down $2.00 or 0.17 percent at $1,177.80 an ounce.
On Monday, gold futures ended down $16.20 or 1.40 percent at $1,179.80 an ounce, touching a 3-week low at one point.
Despite the dollar's weakness against some major currencies, the yellow metal drifted lower, losing its safe haven appeal due to a rally in global equity markets.
In some soft economic news, a National Association of Realtors report on Monday showed existing home sales in the U.S. to have pulled back more than expected in November, after reporting sales at their highest in a year the previous month.
However, with holidays for Christmas and the New Year ahead, trading volumes were quite thin and are likely to remain so for the rest of the week.
Silver for March is up $0.025 or 0.16 percent at $15.713 an ounce. Meanwhile, copper is down $0.013 or 0.44 percent at $2.859 per pound.
On the economic front, traders are looking ahead to data on U.S. durable goods orders for November, reports on personal income and expenditure for the third quarter, revised third quarter GDP figures and data on new home sales for November.
The material has been provided by InstaForex Company – www.instaforex.com