Gold muted as traders keep eye on U.S. dollar

 

Gold futures hovered near unchanged Tuesday, a day after getting a boost from a weaker U.S. dollar, as investors kept an eye on prospects for additional stimulus from Washington.

Gold for December delivery GCZ20, +0.21% was unchanged at $1,920.10 an ounce on Comex. December silver fell 17 cents, or 0.7%, to $24.39 an ounce.

The dollar, as measured by the ICE U.S. Dollar Index DXY, -0.13%, fell Monday and was off 0.1% on Tuesday. A weaker dollar is seen as a positive for gold and other commodities priced in dollars, making them less expensive to users of other currencies. Read more: traders keep eye on U.S. dollar

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