CHICAGO, Sept. 25 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose slightly on Tuesday, as positive U.S. housing and consumer confidence data encouraged trading.
The most active gold contract for December delivery edged up 1. 8 dollars, or 0.1 percent, to settle at 1,766.4 dollars per ounce.
After falling in the previous session, gold ended slightly higher Tuesday, but well below the morning highs.
The precious metal drew support from the release of positive U. S. macroeconomic data.
According to the S&P/Case-Shiller housing index, U.S. home prices rose 1.6 percent in July. Separately, the Conference Board reported that their consumer confidence index rose to 70.3 in September, its highest level since February.
As the dollar rose higher later in the trading session, however, gold turned lower. A stronger greenback pressures commodities, as it makes them more expensive for holders of other currencies. Losses in crude oil also served as a negative outside market force.
Silver for December delivery fell 3.6 cents, or 0.1 percent, to close at 33.948 dollars per ounce.
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