Gold dropped 1 percent on Tuesday as equities rebounded after Russian President Vladimir Putin ordered troops engaged in exercises in an area which borders crisis-struck Ukraine to return to their base. Gold rallied to a four-month high on Monday after investors trimmed assets perceived as riskier following Russia's military intervention, which prompted the United States to look at a series of economic and diplomatic sanctions to isolate Moscow.
Cash gold fell as much as $13.75 an ounce to $1,336.54 after rising more than 2 percent to touch $1,354.80 on Monday, its strongest level since late October.
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