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Gold falls as dollar rises, investors retreat

Gold fell on Tuesday as the dollar rose and investors sold on expectations of stronger global economic growth and higher U.S. interest rates, while deadly incidents in Turkey and Germany failed to spur safe-haven buying.

Spot gold was down 0.6 percent to $1,131.58 an ounce at 2:40 p.m. EDT. Last week it fell to $1,122.35, its lowest since early February.

U.S. gold futures for February delivery settled at $1,133.60 per ounce.

The dollar was trading near 14-year highs after Federal Reserve Chair Janet Yellen reinforced expectations for a faster pace of U.S. interest rate rises next year than had been expected.

Higher U.S. rates could mean further gains for the U.S. currency, which when it rises makes dollar-denominated commodities more expensive for holders of other currencies.

"A strengthening U.S. and...