Gold prices slipped below $1,090 an ounce in Europe on Tuesday as China's implementation of a clampdown on lending lifted the dollar versus the euro, undermining bullion's appeal as an alternative asset.
Higher-yielding and commodity-related currencies are sensitive to any hints that China may be putting the brakes on its economy. Spot gold was bid at $1,089.15 an ounce at 1210 GMT, against $1,097.95 late in New York on Monday.
US gold futures for February delivery on the COMEX division of the New York Mercantile Exchange fell $6.50 to $1,089.20 an ounce.
Source & Full Article Economic times
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