Gold fell two percent amid heavy trading on Tuesday to break the level of technical support from investors worried about a possible failure of Greek debt, but some analysts said the metal is witnessing an exaggeration in the sale apparently is expected to correct the conditions.
Silver fell 3.5 percent and platinum and palladium from me the most daily loss this year, with increased investor caution about global economic prospects, a day after China reduced the level of growth and target data have shown that it is unlikely to avoid the European Union renewed recession.
Spot gold fell 2.1 percent to 1670.41 USD/Troy per ounce by the time 1952 GMT, after hitting its lowest level in six months at 1663.95 USD/Troy an ounce.
The contract fell U.S. gold futures for April delivery 31.80 to $ 1672.10 dollars an ounce at a settlement.
Silver fell 3.5 percent to 32.78 USD/Troy per ounce.
Platinum was down in the spot market to 2.9 percent of 1611.49USD/Troy an ounce, after falling to 1598.70 dollars, while palladium was five percent to 667.22 USD/Troy an ounce.