Gold falls for third day as Cyprus deal curbs demand

Gold futures traded in London decreased for the third straight day on Tuesday amid speculations that the new Cyprus bailout plan will curb the demand for the metal as a wealth protection. March gold futures dropped 0.5% to $1,596.43 earlier on Tuesday in London, while gold for delivery in June slipped 0.6% to $1,597.30 on New York's Comex.