Gold tumbles in Asia

Spot gold slid to a seven-week low on Tuesday, extending a 2.6-percent decline in the previous session, as worries about the eurozone debt crisis continued to grip investors after the euphoria over the European Union summit agreement faded. Spot gold lost 0.7 percent to $1,653.50 an ounce by 0726 GMT, after posting its biggest one-day drop in nearly three months in the previous session.
It touched $1,650.89 earlier, its lowest since Oct. 25. US gold declined 0.6 percent to $1,657.70.