Improvement Problem Cyprus weaken Gold Prices

Learn Commodity : Gold fell for a third straight session on Tuesday as calm returned after a European bailout deal for Cypriot banks reduce market fears and better results at U.S. factories and housing data that showed the improving economy.

Metals began under pressure over soaring Wall Street after data showed that housing data rose in January at a high pace in more than six years. Meanwhile, the data showed demand for durable goods orders for durable manufactured products also increased in February.

Trade volume for heavy gold for the second consecutive day as investors saw TURT headlines from Europe and the long-term impact for the market after a rescue plan Cyprus.