(New throughout, updates prices, market activity and comments)
* Dollar rises to nearly two-week high
* Silver, platinum fall to lowest in nearly two weeks
* GRAPHIC-2018 asset returns: http://tmsnrt.rs/2jvdmXl
By Swati Verma
Nov 27 (Reuters) - Gold fell on Tuesday to its lowest in more than a week, as the dollar rallied after comments from U.S. Federal Reserve Vice Chair Richard Clarida bolstered expectations that the central bank would continue raising interest rates.
Spot gold XAU= fell 0.6 percent to $1,214.64 per ounce at 1:54 p.m. EST (1854 GMT). During the session it touched its lowest since Nov. 15 at $1,211.36.
U.S. gold futures GCcv1 settled down $9, or 0.7 percent, at $1,213.40.
"Clarida softened gold with body blows and the stronger dollar on the back of consumer confidence (data) just delivered a left hook," said Tai Wong, head of metals trading at BMO. dollar gained after Clarida said the central bank should continue to gradually raise interest rates, but it was "especially important" to monitor economic data as monetary policy was getting close to a neutral stance. USD/ of those comments (from Fed officials) so far have been along the lines of continuing along the path of current rate hikes ... certainly some of those comments have supported the dollar and pressured gold," said David Meger, director of metals trading at High Ridge Futures.
Higher interest rates tend to boost the dollar, making gold more expensive for holders of other currencies.
In a separate interview, St. Louis Fed President James Bullard said the central bank may face a year of difficult decisions, with rates still low by historic standards but growth ebbing. investors are also "jockeying for position" going into the G20 summit, said Michael Matousek, head trader at U.S. Global Investors.
Ahead of a meeting with Chinese President Xi Jinping at the summit in Argentina this week, U.S. President Donald Trump said that he was "highly unlikely" to accept China's request to hold off from raising tariffs due to take effect on Jan. 1. dollar has been the preferred safe haven this year as the U.S.-China trade war unfolded, thereby denting the appeal of bullion.
Investors also awaited the minutes from the U.S. Fed's meeting on Nov. 7-8 for indications on the future path of rate hikes in 2019, while Fed Chairman Jerome Powell is due to speak on Wednesday.
"The FOMC minutes could be a catalyst and with the G20 coming up, you can see some volatility at the end of the week. If the minutes are dovish then you will see people running to gold," Matousek said.
Among other precious metals, spot silver XAG= fell 0.7 percent to $14.13 an ounce, having touched $14.05, its lowest since Nov. 15.
Platinum XPT= slid 0.8 percent to $833.20, after touching its lowest in nearly two weeks at $825.25.
Palladium XPD= rose 1.3 percent to $1,155.99.
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GRAPHIC-2018 asset returns
http://tmsnrt.rs/2jvdmXl
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