CHICAGO, Sept. 24 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell for the third session Tuesday amid market uncertainty.
The most active gold contract for December delivery dropped 10. 7 dollars, or 0.81 percent, to settle at 1,316.3 dollars per ounce.
Economist Nouriel Roubini said Monday that tail risks for the global economy have declined, which has dwarfed the demand for safe-haven gold.
However, the Conference Board reported Tuesday that the U.S. consumer confidence index fell to 79.7 in September from a revised 81.8 in August, supportive of gold.
While investors are speculating on the possibility of the withdrawal of the U.S. stimulus monetary policies in the near future, debt ceiling has added to their worries.
Market analysts hold that U.S. bonds are now the safe-haven asset rather than gold. But they do not rule out the possibility that physical gold buyers may take current dip as an opportunity to buy in.
Silver for December delivery lost 27.1 cents, or 1.24 percent, to close at 21.586 dollars per ounce. Platinum for October delivery dipped 7.1 dollars, or 0.5 percent, to close at 1,418.8 dollars per ounce.