Gold futures remained under pressure on Tuesday’s in reaction to low trading activity. Gold futures contract for February delivery declined below $1,600 benchmark to $1,595 per ounce on Asian trading session of Comex on Monday.

The respective contract closed on $1,609 per ounce on Monday. However, today despite weaker greenback as the dollar index DXY which measures the US dollar’s performance against its six major rivals fell to 79.84 on Asian trading hours as compared to 79.990 on Friday’s North American trading session.

Among other commodities crude oil futures ended higher on Monday’s session in reaction to uncertainty over war games by Iran. It was also expected that the action of Iran could disrupt the movement of oil tankers through Strait of Hormuz which counts for the one third of all seaborne oil tanker traffic.

Crude oil futures contract for February delivery gained 0.2 percent to $99.68 per barrel on the New York Mercantile Exchange.