Gold Fell on Stronger Dollar

Gold fell in Asia as the US dollar deflated buying interest from investors who lifted the precious metal last week to its highest in more than three months.

Gold has gained 12 percent in the last two months as the U.S. currency's slide against the euro to a 20-month low spurred buying. Gold, sold in dollars, generally moves in the opposite direction of the U.S. dollar, whose decline in value usually boosts the metal's appeal as an alternative investment.

Gold for immediate delivery fell $2.10, or 0.3 percent, to $644.10 an ounce at 3:34 p.m. Singapore time. It fell to as low as $643.70 earlier in the session, a one percent drop from Friday's high of $649.95, which was the highest since Aug. 10.