Mubasher: Gold closed in the red on Tuesday, settling below $1,500 an ounce for the first time since 6 August.

Comex December gold declined by $11.9, or 0.8%, to settle at $1,499.2 per ounce.

By 06:56 pm GMT, the US dollar index (DXY), which measures the US currency against a basket of six major currencies, inched up by 0.09% to 98.37.