Gold prices fell on Tuesday as the dollar strengthened and risk appetite improved after positive US economic data, while fears about rising coronavirus cases limited losses for the safe metal.
Spot gold fell 0.2% to $ 1,973.54 per ounce at 0026 GMT. It reached a record high of $ 1,984.66 in the previous session.
US gold futures rose 0.2% to $ 1,989.20.
The dollar index rose 0.1% against rivals, crawling further from a low of more than two years last week. A stronger greenback makes gold more expensive for holders of other currencies.
US manufacturing activity accelerated to its highest level in nearly 1-1 / 2 years in July as orders increased despite the resurgence of new COVID-19 infections.
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