CHICAGO, June 14 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Tuesday as the U.S. dollar and U.S. bond yields strengthened.

       The most active gold contract for August delivery fell 18.3 U.S. dollars, or one percent, to close at 1,813.5 dollars per ounce.

       Gold settled at its lowest price level in over four weeks.

       Traders are also waiting for the decision of the Federal Reserve's two-day monetary meeting which will close on Wednesday as the 8.6-percent annual inflation rate in May has disappointed those hoping for signs that inflation had peaked.

       Economic data released on Tuesday further dampened gold. U.S. Labor Department reported that U.S. producer prices, a measurement of inflation before it reaches consumers, jumped 0.8 percent in May, following advances of 0.4 percent in April and 1.6 percent in March.

       Silver for July delivery fell 30.1 cents, or 1.42 percent, to close at 20.954 dollars per ounce. Platinum for July delivery fell 21.6 dollars, or 2.32 percent, to close at 910.7 dollars per ounce.