CHICAGO, Oct. 8 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange ended slightly lower Tuesday. The most active gold contract for December delivery fell 0.5 dollar, or 0.04 percent, to settle at 1,324.6 U.S. dollars per ounce.
Market analysts say gold's price staying above the level of 1, 300 dollars is partly due to its safe-haven appeal during the U.S. political uncertainty. However, the dollar's rebound damped market demand for the precious metal as an alternative investment.
Statistics show the Bloomberg Dollar Index, a gauge against 10 major currencies, rose as much as 0.2 percent on the day.
Earlier, gold reached a one-week high as U.S. lawmakers remained at an impasse over the budget and an increase for the nation's debt ceiling, boosting demand for gold as a safe haven.
The December contract closed up 1.2 percent on Monday, finding support from fears that Washington's budget impasse could lead to a U.S. default. On Tuesday, the U.S. government shutdown stretched into the eighth day.
Silver for December delivery rose 5.7 cents, or 0.25 percent, to close at 22.443 dollars per ounce.