Gold dropped on Tuesday as the dollar rallied versus the euro on renewed fears of credit downgrades in major European economies and uncertainty over Greece's bailout. Spot gold was down 0.4 percent at $1,715.60 an ounce by 2:13 pm EST (1913 GMT), having touched an intraday low of $1,711.70 earlier in the day.
US gold futures for April delivery settled down $7.20 at $1,717.70. Trading volume was 20 percent below its 30-day average but higher than its previous session's. Among other precious metals, silver was down 0.7 percent at $33.44 an ounce. Spot platinum was down 1.4 percent at $1,621.24 an ounce, while spot palladium was down 1.8 percent at $682.72 an ounce. Platinum prices fell after a recent rally on the back of supply outages in major producer South Africa.
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