Gold drops as physical purchases slows

Gold decreased on Tuesday amid speculations that purchases of physical gold eased as prices of the metal advanced to the strongest level since April 15, when the bullion entered its worst bear market in three decades. May gold futures fell as much as 0.7% to $1,459.60 an ounce and were traded at $1,465.25 as of 12:18 p.m. Singapore time.