Gold prices fell more than one percent during Tuesday dealings after China’s reducing the interest rates helped the global markets recover from the losses that they suffered from in the previous session, with European shares rising 4 percent, and Dollar rising as well.

US markets opened on a sharp rise as investors bought stocks after one day of Wall Street exchange recorded its biggest drop in one day in four years.

Spot gold fell 1.45 percent to $1135.91 per ounce, and US futures contracts for December delivery fell 1.53 percent to $1133.10 per ounce.