Gold ended lower on Tuesday as a rise in U.S. retail sales contributed to a stronger U.S. dollar, pressuring prices for the precious metal.
The upbeat retail sales number, however, also lifted prices for silver, brightening the metal’s industrial demand prospects.
August gold trading on Comex fell $2.30, or 0.2%, to settle at $1,411.20 an ounce. On Monday, the yellow metal booked its highest most-active contract settlement since July 3, which saw a finish at $1,420.90—the highest since May 2013, FactSet data show.
September silver meanwhile, picked up 31.1 cents, or 2%, to $15.678 an ounce, the highest finish for a most-active contract since late February, FactSet data show.