Gold Price Falls As Dollar Holds On To Gains

Gold prices fell on Tuesday as the dollar's relative value against other currencies recovered, spurring some investors to lock in gains in bullion, which has soared to record levels of $2,000 per ounce. Spot gold was down 0.5 per cent at $2,017.53 per ounce by 0447 GMT (10:17 am in India), retreating from a record high of $2,072.50 hit last week. US gold futures fell 0.6 per cent to $2,026.90 per ounce.