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Gold under pressure from cheaper strong dollar. Euro weakens against the dollar on the eve of an informal meeting of EU leaders, which will be held on Wednesday and will be dedicated to the fight with the debt crisis in the eurozone.
French President Francois Hollande has combined debts of European countries, and German Chancellor Angela Merkel against the idea.
Gold typically moves in one direction with the euro, so the weakness of the single currency in the region led investors to sell gold in a position to realize profits in local currency.
The cost of the June gold futures on the COMEX fell today to $ 1572.0 an ounce.
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