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CHICAGO, March 28 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange ended slightly lower on Tuesday, after nearing the prior session's one-month high, as the U.S. dollar and stock markets extended gains.
The most active gold contract for April delivery fell 0.1 U.S. dollars, or 0.01 percent, to settle at 1,255.60 dollars per ounce.
Bullion was higher earlier on support from U.S. political and economic uncertainty and expectations of a weaker dollar.
A strong greenback makes dollar-denominated gold more expensive for holders of other currencies, potentially decreasing demand.
The U.S. dollar rallied above Monday's four-month low against a basket of major currencies, while the 10-year Treasury yield and U.S. stock indexes extended gains.
The move came as Kansas City Federal Reserve President Esther George said she needs more details on the Trump administration's fiscal proposals.
Traders are waiting for the release of several economic reports this week. A speech by the head of the Chicago branch of the Federal Reserve Charles Evans is expected on Wednesday, the gross domestic product report and weekly jobless claims on Thursday, and personal income and outlays report on Friday.
These economic reports due later this week will give some hints on when the U.S. Federal Reserve intends to hike interest rates. Investors believe the Fed may raise rates from 1.00 percent to 1.25 percent during the June FOMC meeting.
According to the CME Group's Fed watch tool, the current implied probability of a hike from 1.00 percent to 1.25 percent is at 4 percent at the May meeting and 47 percent for the June meeting, along with a 2 percent chance of an increase to a 1.5 percent rate.
Silver for May delivery added 14.4 cents, or 0.80 percent, to close at 18.252 dollars per ounce. Platinum for April delivery fell 11.6 dollars, or 1.20 percent, to close at 957.40 dollars per ounce.
