Gold prices dropped more than 1% on Tuesday, as the U.S. dollar strengthened to a one-year high on market expectations of a stricter U.S. Federal Reserve, pressuring the non-yielding precious metal.
Spot gold fell 1.7% to $4,121.09 an ounce, as of 1144 GMT, having touched its lowest since June 11 at $4,090.27 earlier. Bullion has fallen over 3% since the Fed meeting last week.
U.S. gold futures for August delivery fell 1.5% to $4,139/oz.
