Comex gold futures remained range bound during choppy trade on Tuesday at the New York Mercantile Exchange and settled higher after recovering from a drop off in price initiated by a rally in the dollar.
At settlement, most active August gold is up $4.80 at $618 an ounce. During the session the contract was steady in range bound trade but a rally in the dollar sent the contract to a $610 an ounce session low.

The dollar rallied on the heels of better-than-expected U.S. economic data as June existing home sales and July consumer confidence came in above market expectations.