Gold falls in Asia

28 Mar, 2012

Gold edged down on Tuesday as it consolidated after its biggest daily gain since late January in the previous session when the US Federal Reserve signalled it would keep interest rates low - a move which burnishes the metal's safe-haven appeal.
Gold fell $2.15 to $1,689.59 an ounce by 0555 GMT, having risen to $1,693.39 on Monday, its strongest since March 13, on safe-haven buying driven by Bernanke's comments. Bullion struck a record around $1,920 an ounce last September. US gold added $3.70 an ounce to $1,689.30.

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