Gold futures fluctuated in a tight range slipping towards the US session to see their rebound for the third session since July 13 as the US dollar index rose to its highest level since August 15, June of 2017 according to the inverse relationship between them following the developments and economic data that followed Tuesday on the US economy, the largest economy in the world.

Gold futures for December delivery fell 0.11% to currently trade at $ 1,226.20 an ounce, its lowest since October 15 compared to the opening at $ 1,227.60 an ounce, USD rose 0.23% to 96.80 levels, making it more than two months ahead of the opening at 96.58.

We followed the US economy to reveal housing market data with the S & P Composite House’s 20-year reading showing growth slowing to 5.5% versus 5.9% in July’s previous reading, down from expectations of 6.0%. Before we see the consumer confidence reading has widened to 137.9 from 135.3 in September, beating expectations of 136.3.

Gold holdings at SbDeR Gold Trust, the world’s largest gold-backed fund, rose 5.3 metric tons to 754.94 metric tons on Monday, the highest since August 31, As gold prices are in the process of ending their longest monthly losses since late 1996, following last month’s sixth consecutive monthly losses.