Also tugging bullion downward was reduced demand by India, the globe's biggest consumer last year, according to a report issued by UBS AG.
The world's reserve currency increased in value after economic data indicated sales of goods like machinery and electronics increased the most in five months in October. The U.S. Dollar Index, which measures the value of the dollar against six competing currencies, continued driving higher.
"The dollar strength is working against gold," commodity analyst Ronald Stoeferle with Erste Group Bank AG in Vienna told the news source on Tuesday. "Also, the physical market looks quiet."
At 11:15 a.m. on Tuesday, gold futures fell 0.17 percent, a $2.94 loss to $1,745.71 per troy ounce.
Reuters reports the yellowish metal also lost value after a policy maker with the U.S. Federal Reserve publicly doubted monetary stimulus measures during a speaking engagement in Germany. The U.S. dollar increased in value as a result of those remarks.
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