Ammon News - Gold extended losses on Tuesday, pressured by easing geopolitical tensions in Iran and Russia, as well as a stronger dollar, with investors awaiting the minutes of the January FOMC meeting, due later this week.

Spot gold dropped 0.8% to $4,953.90 per ounce by 0345 GMT, after losing 1% earlier in the session.

U.S. gold futures for April delivery lost 1.5% to $4,972.90 per ounce.

The U.S. dollar index rose 0.2% against a basket of currencies, making greenback-priced bullion more expensive for holders of other currencies.

Spot silver fell 1.6% to $75.33 per ounce, after dropping over 3% earlier.

Spot platinum shed 1.3% to $2,014.08 per ounce, while palladium lost 2.3% to $1,685.48.

Reuters