Gold pares gains as investors take profits
Gold pared most of its gains on Monday, as investors took profits from a rally to record highs above $1,030 and a sharp drop in oil prices lowered the metal's appeal as an inflation-hedge.
Gold pared gains on Tuesday after earlier hitting a near two-week high at $1,116.25 an ounce, as the dollar recovered some of its earlier losses versus the euro amid fears over the health of smaller euro zone economies.