Gold Futures Dropped On Dollar Strengh

Gold futures fell on Tuesday after losing ground against the US currency, which bounced higher on fresh news about China's yuan revaluation.

August gold futures dropped $2.40 to $423.50 per ounce on the Comex division of the New York Mercantile Exchange.
During the session, gold dipped to a $422.20 low - its lowest level in four sessions.