Gold prices fall 1% on firmer dollar; eyes on ECB policy decision

Gold prices fell 1 percent on Tuesday as a strong dollar outweighed lingering economic concerns and investors awaited policy cues from the European Central Bank.

Spot gold was down 0.5% at $1,918.79 per ounce, after falling as much as 1% to $1,907.61. U.S. gold futures fell 0.7% to $1,919.90 per ounce.

Elsewhere, silver fell nearly 2% to $26.47 per ounce and platinum was down 1.1%, to $898.20, while palladium dipped 0.5% to $2,285.29.