Gold Gains Slightly as Dollar Bounces

Gold futures on the COMEX Division of the New York Mercantile Exchange ended higher in an up-and-down session on Tuesday as the dollar pared its loss. Silver and platinum both went down.

Gold price for August delivery climbed 4.80 U.S. dollars, or 0.5 percent, finishing at 929.10 dollars an ounce.

Dollar still played an important role to gold's trend. During the overnight electronic trading, the rate against euro fell to as low as 1.4050 dollars. However, after the intraday low the greenback started to recover gradually and rose to 1.3954 dollars by the end of gold floor trading time, paring most of its previous loss.

The dollar's fluctuating trend sent gold down and up as traderskept an eye on dollar in order to find its own direction.

The falling energy prices weighed on the precious metal a little. Just ahead of gold's close, the benchmark August crude oil lost 89 cents to 63.16 dollars a barrel.

September silver finished at 13.22 dollars per ounce, down 1.8 cents. October platinum fell 11.20 dollars to 1135.80 dollars an ounce.