Gold inched down on Tuesday to its lowest level in a week as a robust dollar offset the weak U.S.
Economic data and investors awaited clearer signals on the Federal Reserve's trajectory for interest rates.
Spot gold was down 0.3% at $1,420.45 per ounce as of 13:47 p.m EDT (1747 GMT), having touched its lowest since July 17 at $1,413.80 earlier in the session. U.S. gold futures settled 0.4% lower at $1,421.70.
Gold briefly pared losses following weaker-than-expected U.S. home sales and monthly manufacturing data from the Richmond Fed.
"The Richmond print raised a few eyebrows, though it's really not that important of a figure, but seemed to have triggered some buying," said Tai Wong, head of the base and precious metals derivatives trading at BMO.
"Gold is likely to stay within the $1,415-35 range with the market getting all bulled up above $1,430 and hand-wringing below $1,420."
The dollar rose to its highest in more than a month, supported by a deal to extend the U.S. government's debt limit, making greenback-denominated assets such as gold costlier for investors holding other currencies.
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