Gold traded lower on Tuesday, under pressure from a stronger dollar, but weak US manufacturing data enabled the euro to claw back some lost ground, pulling bullion up from earlier losses as well. Spot gold was quoted at $1,719.39 an ounce by 3:33 pm EDT (1933 GMT), up from a $1,713.95 closing bid on Monday and well up from a session low of $1,681.74 an ounce.
COMEX benchmark December gold finished down $13.40 per ounce at $1,711.80, but pared that decline to $1,720.50, a $4.70 per ounce drop, in after hours trade in New York. Holdings of gold in the major exchange-traded funds (ETF) tracked by Reuters have risen by over 800,000 ounces this month, marking their first monthly increase since July. Silver was lower at $33.15 an ounce from $34.23 previously. Platinum cut its declines to $1,584.25 an ounce from Monday's closing bid at $1,593.15. And, palladium was quoted at $632.45, off $641.08 previously.