Published December 23, 2014 1:55pm EST | Updated January 8, 2015 3:06pm EST

Gold Settles Down 0.2% After Strong U.S. Economic Data

Gold futures dipped Tuesday during the thinly-traded holiday week as strong U.S. economic data pushed the dollar higher. Gold for February delivery declined $1.80, or 0.2%, to settle at $1,178.00 an ounce on the Comex division of the New York Mercantile Exchange. On the other hand, silver for March delivery rose nearly 8 cents, or 0.5%, to settle at $15.87 an ounce.