Khaberni - Gold fell in early Asian trading on Tuesday after it touched its highest level in six weeks in the previous session amidst profit-taking by investors who are also anticipating statements from the chairman of the Federal Reserve (the U.S. central bank) and significant economic data that could indicate a cut in interest rates.
Gold fell in spot transactions by 0.2% to $4222.93 per ounce by 00:24 GMT, after recording its highest level since October 21 on Monday.
The U.S. futures contracts for gold delivery in December decreased by 0.4% to $4256.30.
