Gold slips in Asia

Gold ticked lower on Tuesday as the euro lost ground after European finance ministers rejected an offer by Greece's private creditors to help restructure its debts, but gains on Tokyo futures and a pickup in demand in India cushioned the fall. Investors are closely watching the outcome of a two-day Federal Reserve meeting which ends on Wednesday for any signs that interest rates will stay lower for longer, as that could put some pressure on the US dollar.
Gold fell $1.26 to $1,675.54 an ounce by 0640 GMT, having risen to $1,681.16 on Monday, its strongest since December 12, on technical buying. Gold struck a record around $1,920 last September.