WASHINGTON (dpa-AFX) - Gold prices are lower Tuesday morning, staying near the lowest since 2010 as the dollar held strong recent gains on expectations of a U.S. interest rate hike.
At the same time, traders betting on more stimulus from the ECB, fueling appetite for riskier assets such as stocks.
Gold futures for December delivery are down $4.10 or 0.35 percent at $1,155.70 an ounce, after declining to $1,145.60, near a 4-1/2 year low of $1,130.40, hit on November 7.
Markets will be keeping a close eye on an upcoming Swiss vote on November 30 to decide on higher requirement of gold reserves to be held by the central bank.
Silver for December is down $0.069 or 0.44 percent at $15.602 an ounce. Meanwhile, copper is down $0.021 or 0.70 percent at $2.999 per pound.
In economic news from the eurozone, Germany's retail industry association, the HDE, has raised the sales forecast for this year and predicted an increase of 1.8 percent in the sales during the Christmas season compared to last year.
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