Khaberni - Gold fell 1% on Tuesday, continuing weak trading in major Asian markets due to the Lunar New Year holiday, while the rising dollar also contributed to price pressures.
Gold in spot transactions fell 0.9% to $4947.98 an ounce by 0110 GMT, after losing 1% earlier in the session.
The U.S. futures contracts for gold delivery in April dropped 1.6% to $4966.80 an ounce.
The dollar index rose 0.2% against a basket of currencies, making gold more expensive for holders of other currencies.
The U.S. markets were closed on Monday for Presidents' Day, while markets in mainland China, Hong Kong, Singapore, Taiwan, and South Korea were closed for the Lunar New Year holiday.
The CME Group's FedWatch tool currently shows the markets expect the Federal Reserve (the U.S. central bank) to cut interest rates three times by 25 basis points this year.
Gold, which yields no return, rises with lower interest rates.
For other precious metals, silver in spot transactions fell 2.7% to $74.51 an ounce, after falling more than 3% earlier.
Platinum in spot transactions fell 0.8% to $2025.05 an ounce, while palladium fell 1.5% to $1698.10.
