Gold lost more than $20 an ounce on Tuesday, as sharp gains in the U.S. dollar helped send futures to the lowest finish since mid-March.Other metals also took a hit, with silver leading the losses as concerns over China’s economic growth pressured prospects for metals demand.
Gold for August delivery on Comex GCQ5, -0.02% fell $20.60, or 1.8%, to settle at $1,152.60 an ounce.
September silver SIU5, -0.76% sank 78.4, or 5%, to settle at $14.69 an ounce, with prices tracking the most-active contracts at their lowest settlement since August 2009.
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