Gold prices slide back

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Gold prices fell on Tuesday kelevel the lowest in three months as declining demand for gold as an alternative investment hedge.

The most active gold contract traded, for delivery in February fell to EUR 12.2 million (0.9 percent) to close at 1332.3 U.S. $ per troy ounce on the New York commodity exchanges.

But this afternoon in the Asian market price of gold rose to U.S. $ 1.5 (0.11 percent) to U.S. $ 1,333.8 per ounce. Oil prices also rose $ 0.2 (0.23 percent) menjai U.S. $ 86.39 per barrel.

While the U.S. dollar index against six major rival currencies fell 0.098 (0.13 percent) to a level of 77.904.

"We got thinking, this is a normal correction for gold significantly throughout the year yesterday," said Sterling Smith, an analyst with Country Hedging market in Minnesota. "This correction is actually giving us the space to make a profit again," he said.

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Gold prices increased this year, a correction of 6.3 percent from the confidence of investors in the economic recovery experienced again, so the demand for gold as a hedge of the financial market turmoil and fears of the European region debt problem.

out concern about the high inflation and the uncertainty of the European crisis of the gold price had reached its highest level up to U.S. $ 1,432.5 per troy ounce in December last.

Market strategists from Lind-Walder reveal Bob Haberkorn gold fall the end - the end is for investors panic selling price of the precious metal to do to make a free fall.

China is again slow implementation of monetary policy on inflation and growth is expected, Britain is experiencing a contraction in the last quarter of 2010, the reasons for investors to abandon gold.