WASHINGTON (dpa-AFX) - Gold prices fell on Tuesday as the dollar climbed higher after weak data from China and the Euro area raised concerns about slowing global growth.
The dollar index rose to more than 3-month high, climbing to 104.91, gaining more than 0.6%, before easing a bit to 104.78.
Gold futures for December ended lower by $14.50 or about 0.7% at $1,952.60 an ounce.
Silver futures for December ended down $0.689 at $23.873 an ounce, while Copper futures for December settled at $3.8485 per pound, down $0.0035 from the previous close.
A private survey showed China's service sector grew at the slowest pace in eight months in August largely due to weaker new business.
The Caixin services Purchasing Managers' Index slipped more-than-expected to 51.8 from 54.1 in July. The expected score was 53.6.
Elsewhere, disappointing data from the euro area and the U.K. also signaled waning consumer demand and pointed to more headwinds for the global economy.
Business activity in the euro zone weakened further in August as the economic downturn extended from manufacturing to the services sector.
HCOB's final Composite Purchasing Managers' Index (PMI), compiled by S&P Global, dropped to 46.7 in August from July's 48.6, marking the lowest level since November 2020.
The U.K. services PMI dropped to 49.50 from 51.50 in July, marking the lowest reading since January.
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